Topics regarding layoffs at Solventum

Topics regarding layoffs at Solventum

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 

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| 1700 views | | no replies yet
Post ID: @OP+1jvafhd1y

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?

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...

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| 711 views | | 1 reply (December 16, 2024)
Post ID: @OP+1w0zr5AR

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 

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| 1670 views | | 8 replies (last January 9, 2025)
Post ID: @OP+1vXPlRkr

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 

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| 1850 views | | 2 replies (last December 15, 2024)
Post ID: @OP+1vRQbv4y

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.

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| 1860 views | | 9 replies (last December 16, 2024)
Post ID: @OP+1vPDB4J2

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 

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