This news release contains forward-looking information about 3M's financial results and estimates and business prospects that involve substantial risks and uncertainties. You can identify these statements by the use of words such as "anticipate,"... — read more
Patolahahaha
CFO did what he is paid to do… put the best face on bad financial news. Patolahahaha should be commended. Layoffs will be minimal.
https://www.wsj.com/articles/3m-mmm-q1-earnings-report-2023-47aa0df0
The Wall Street Journal Coverage: 3M to Cut Thousands More Jobs as Sales Struggle Restructuring to focus on faster-growing businesses including industrial automation and climate technology Link:... — read more
https://twitter.com/TheLayoff/status/1650912650564452385
https://twitter.com/TheLayoff/status/1650912650564452385
Which senior leaders have left this year?
Rumor is that Hammes is retiring. Has Tireman Gibbons left or is his still flying around preaching "the only fixed cost is depreciation" Hard to believe any company could be this poorly run and no one is forced out nor resigns.
CEO HUDDLE - he seems nervous
cannot even answer question directly Trust the process!!
What a joke!!
What a disgrace 3M has become. There is nothing in the news positive they do anymore...layoff after layoff after layoff and lawsuits. I can not believe what a joke this company has become since the take over of MR. I am beyond grateful I made the... — read more
Shareholders, don’t be fooled
I am amazed how M&M can spin today’s announcements as a strong/healthy company taking actions to become even stronger/healthier. Please don’t buy this narrative, the reality is the company is financially unhealthy and is rapidly selling assets to... — read more
For those who still didn't check their mail and don't think this is true
3M announces mass layoffs as manufacturing slows 3M announced significant layoffs Tuesday as part of yet another major restructuring plan as the manufacturing sector prepares for a possible recession and slumping demand for goods... — read more
Don't become complacent
When it comes to finding a new job, networking is key. You gotta put yourself out there, connect with people, and make sure you're on top of your game. You can't just sit around waiting for an opportunity to fall in your lap. Start attending... — read more
Is job security gone forever?
Layoffs always existed at 3M, but at least we knew once a round was done we were safe for the foreseeable future. That's no longer true. Now I feel like we are worried about layoffs 24/7, and as soon as one round is done we start speculating about... — read more
Predictions for tomorrow's earning's call??
Obviously we are all hearing there could be massive layoff's announced tomorrow. Anyone have any insight into the specific teams/groups that are likely to be hit?
Any substantial info for the earnings call?
There's so much talk of what might be announced tomorrow...from 10k-15k job cuts, to restructuring, to cutting plant spending, to new Spinco name/leadership...etc etc. Anyone have any actual knowledge of what might be the topic tomorrow?
Layoffs to end at 60,000
The ultimate goal is to reduce headcount to 60,000. Lots of folk’s hanging on, complaining, but gripped by fear, they stay on. Like Bed, Bath, and Beyond, 3M will ultimately be forced to file bankruptcy.
May the force be with you !
Everyone is expecting a big announcement on Tuesday now. Significant job losses, huge restructuring. I think (hope!) rather than a random number we will actually get some substance behind it to see where that number is coming from …but this post... — read more
Ceo huddle the day of q1 report?
Correct me if I am wrong, but isn't the ceo huddle usually 2-3 days after the quarter report? 10:00 the day of q1 report implies that me that there is big news they want to get infront of asap My guess is a spinco delay, bad q1 results and large... — read more
Emergency Plant Meetings?
Hearing about plant operations committee emergency meetings. 2 in the last week in Hutch. Any others seeing the same in other places?
Potential bk ruling
On Aaero tactic. May become part of the narrative
Life of a 3mer
We take daily pain meds and hot showers to dull the pain from working never ending overtime because the average turn around is less than a year. We don't have the staff, equipment, or space to surpass our daily sales cap so everyday we fall more... — read more
AIP
Will last years aip get cut ? Has anyone revived theirs ?
What day is it going to happen
Anyone know what day we’ll find out whats happening? This week? Next?
Let's move on...
It's time for you and I to begin your search for a new job. The recent layoffs at 3M shouldn't discourage you as there are plenty of opportunities available. Losing one job does not mean that you cannot secure another one. Your intelligence... — read more
Do we have a corporate jet and how do I track where it is?
I am assuming this is public info. Thank you.
Q1 earnings call and layoffs
I am hearing 10-15K layoff number. Anyone in management that can confirm?
Q1 Earnings call in less than a week away- what the message to shareholders?
Less than a week until Q1 Earnings call , if a big announcement is coming it’s right up to the very last minute . What businesses have already had news shared?
Who decides who to lay off
For a rough guide for US staff groups: Supervisors/Managers whose groups are not impacted - will find out at roughly the same time as everyone else. Maybe an hour or two before. They won't even see the list until after the announcement. ... — read more
Anyone received their Annual Increase yet?
How much did you get? I thought they were supposed to be available in Workday now but mine isn’t. Radio silence about it from my manager so far…maybe that’s a bad sign!
It is amazing how people live to work
Get themselves into debts that they do not need just to satisfy some fake social status, but once they hear a whip, they will comply with anything to keep the theatre going.
Europe to get American Jobs
Looks like European plants will be taking the American jobs and a lot of the work production as its cheaper than the dollar, the quality of work is much better and also finalizing HC Spinco to Ireland.
Kind People
Are My Kinda People!
How does severance work?
I feel it coming. How does severance work? I've heard is 1 week/year? I don't have a year yet, am I not getting anything? Also have heard about "signing the letter" what's that? I have seen coworkers who were laid off and they never came back... — read more
3m in a nutshell
https://youtu.be/j_1lIFRdnhA