Great way to be able to get rid of assets and ensure no entanglements for the big groups ahead of Dental being split out. A good idea that we’ll all appreciate for not having to go back, but don’t think it’s for the reasons stated. — read more
What is going on with the P&F/SPSD Sale? I now see that drinking water will remain with Solventum???
Anyone else having Values Acceleration Workshops forced upon them?
Our last group meeting was taken over by a "values acceleration workshop," where leaders walked us through a deck of Solventum values, shared stories related to these values, and wanted (half-forced) those in the room to do the same. Is this... — read more
Round 2 of layoffs coming?
Looks like round 2 of layoffs are coming? Heard that in Asia they want to consolidate roles in APAC and GCA together... sounds like another wave of layoffs might be impending
Get your Parking Space Now!
Word is out if you are not assigned a parking spot at the new location, you are out of luck. Blue Line or Metro transit is the only way in.
Next Round of Layoffs
To prep for the next round of layoffs - now: Review the company name on your paycheck & compare with your (US) Secretary of State site. Your “company” is likely run by a 3M employee/lawyer. 1b) record all phone calls w/ hr & your manager on... — read more
Win with excellence- or cash in with hypocrisy?
Hanson speaks of the corporate pillar of winning with excellence. He said, “We want to win in the marketplace, but we have to do it the right way.” This begs the question, how can accepting compensation that is 40% higher than the closest med tech... — read more
Bryan Hanson Pay $40m
Bryan Hanson 2024 pay revealed to be $40m, one of the highest med tech CEO salaries in the world. News comes as it was revealed that 800 jobs were cut from solventum at a cost of $120m. So 267 employees cut at the same cost of one CEO.
Nova deployment
What's our chance of Nova deployments happening on time with the new svp in town? feels like totally off the rails with everyone going in all directions. Good thing our ceo and cio get paid as much as they do...
Fu-k your 2.25% raise
This raise is a slap in the face to our hard work. I bet the CEO got a much higher raise. Fu-k you and fu-k this.
AIP very low
The AIP payment I received was almost less than 1/3 of the projected amount. I wasn't expecting it to be this low. Anyone else?
Recent exec departure to Zimmer
ERP leader went to greener pastures at Zimmer? An omen of things to come?
Anyone else disappointed with the new Eagan building?
Leaders keep saying that we will need to change the way we work, yet they have dedicated offices and a board room in a building where everyone else will be crammed in like sardines. No cafeteria, no fitness space, tiny desks with no storage, really... — read more
Begining of the end for Solventum
To be broken up into pieces and sold off to various businesses. This was decided long back by the top dogs. To be implemented 2025 to 2028, if not sooner! Mark my words.
Themo Fisher nears deal PF unit
via https://www.removepaywall.com/search?url=https://www.wsj.com/business/deals/thermo-fisher-nears-deal-for-solventum-filtration-unit-e0bb5519
No Word on AIP Payments
Interesting - we got paid for AIP last year around 2/24 and this year we have heard NOTHING. At our meeting today they announced they would NOT address ANYTHING until the 4th quarter numbers meeting on 2/27, a meeting none of us have been invited to... — read more
Severance payout deadline missed
For almost everyone that was RIF'd in December, our last day at Solventum was January 5. According to the severance agreements we signed, out lump-sum severance payments were supposed to be made 30 days after our last day. That deadline came and went... — read more
Spain Meeting in Jan
Am hearing of a big offsite meeting in Spain next week (Jan 20). Is it a time for celebrations, or a time for more bad news? Does anyone know?
Open letter from Triangle Partners
Train Partners has issued an open letter to which the Solventum board has yet to respond: https://trianpartners.com/wp-content/uploads/2025/01/2025-01-08-SOLV-Shareholder-Letter-Release.pdf Interesting timing days ahead of the yearly kick-off... — read more
Does this layoff affect China?
So far I haven’t heard anything about it, just happened to see it in the news. Then I found this website. Now I’m freaking out...
What’s the latest on next week?
What a holiday season....
Enhanced Executive Severance Plan
Effective October 2024, our execs will receive a higher compensation in the case of termination related to a change of control: https://www.investing.com/news/company-news/solventum-corp-adopts-new-executive-severance-plan-93CH-3704333 „This... — read more
Is the company actually investing in growth and innovation?
Looking at the balance sheets assets in R&D are both not keeping up with inflation and are shrinking from Gross Sales and Net Income. CEO likes to mention that the company is positioning for growth but I’m struggling to find it in the last earnings... — read more
Pro Tip: Looking for Opportunities via Ex-colleagues Network
Go to LinkedIn Search for 3M HIS employees who now work at other companies. It should be very easy to find those people just searching Solventum. Many former colleagues are happy to help if they can. You can try this search I have for... — read more
Divisions Hit
Did the ax hit Dental yet? Or just HIS and Med thus far? Thoughts go out to all those affected. Take some time to recover from this blow then get back on the saddle. I've been in your shoes. There is life outside 3M and Solventum. Being layed off in... — read more
Are we done in the US for now?
I’m always expecting more bad is coming regardless of what’s being said.
Does anyone have an idea for how long people will continue being notified?
Good luck to us all.
I wouldn't cut my hair
New employee here. Well, I was. They told me I had to cut my hair. AFTER they hired me. I refused. Now I am laid off. Been here 2 weeks. Must be a record. Oh well, I couldn't print from my laptop anyway.
How many people will be impacted?
Has Solventum announced how many people will be let go? Has a WARN notice been filed?
Solventum Layoffs (Dec 2024)
I know that most people here already know what's cooking but here it is for the uninformed folks... there are layoffs happening at Solventum right now & the affected employees received notifications this morning. The atmosphere is tense as several... — read more