Thread regarding 3M layoffs

because firing people doesn’t increase sales. it only brings a short term climax to a select group. rinse and repeat next quarter

@OP If cash flow wash far greater than last year, why is cash 100% this year? Asking for a friend….

I see the statement, but when is the pay date?

Confirmed Corp AIP 108.90%

Sales 100
OI 104
Cash Flow 100

@OP trying to understand this in my first year. I’m tebg. I got 100%. There is no explanation of how we hit the number 100 on the nose. And it gave me a chuckle that it was actually 99% of what the damn total comp I signed says. After reading all these posts I’m guessing this I am naive if I expect some transparent explanation of the flat 100 in each performance category and just be happy I got something right????

@2yb they where out in workday on Monday

AIP statements come out tomorrow. Wonder if they'll wait until the last possible day in the US (3/15) to pay it out...assuming there will be something to be paid out?

If you're actively purchasing through GESPP at this point, you're an id--t. Billy boy is playing accounting games with cash flow.

CBT Global at 96%. What a shame.

I always had to chuckle a little when I hear you Americans talking about your health insurance and all that. I’m not super deep into the topic myself, since I’m from Europe and work for 3M, and things like health insurance and retirement plans are already included for us. Not because of 3M or anything — that’s just how it works by law back home.

And I’m sure for some of you we probably just sound like “European lefties” since we already have all that stuff in place. But honestly, over there it’s not even this huge political debate in everyday life — it’s just the system we grew up with.

The factory guy complaining about not getting AIP reminds me of when I worked in one of the union plants. Production always talked about how salaried medical and dental benefits were so much better. One year during contract negotiations, the union demanded the same medical and dental plans that salaried employees had. 3M gladly agreed since they would no longer have the administrative expense of maintaining separate plans for the local union. That November, one of the more vocal members of the union committee who pushed for the benefit change asked if I had time to "go look at something on the computer". He logged in to the benefits enrollment site and asked if the medical and dental plan choices were the same as what I had. I said they were. He asked if the monthly premiums were the same. I pointed to the medical and dental plans I was enrolled in and said the premiums shown on his screen were the same as what I was paying. Then he commented on the high deductible of the medical plan I was in and I confirmed my deductible was indeed that high. Then I showed him the Benefits Enrollment Guide for salaried and non-union employees on the "intranet" so he could see for himself. He looked stunned and just said "Thanks". I wanted to say "Next time be careful what you ask for", but I just walked away.

I’m enjoying listening to the whiny factory workers getting a reality check when they did their taxes and found out that “no tax on overtime” was a sham. How did that double time phantom deduction work out for you? Y’all should pay more attention to the details of what’s being said and stop falling for the slogans that just make you feel good.

I’ll be lobbying for adding AIP to factory and non-nons pay every chance I get.

@18p could be worse: IT is lead by toxic narcissists.

The cry baby factory worker is right. Factory workers should get AIP, too. It's the fair thing to do. I vote we set them up with 7.5% target AIP. When cry baby figures out how it really works, he'll be on here bit**ing that his paycheck has been the same for 3 years in a row because his 2.5% annual pay raises all went into the AIP variable pay pool instead of going into his biweekly paychecks. Groceries and utilities will keep going up year after year while his paycheck stays the same, but he'll figure out a way to get by until he gets his big "bonus" check next March.

@18g be thankful, you could have the other BG leader that’s clueless and crazy

Y

@18j #GED

@184 WB is going to need to pull a rabbit out of her Amazon a-s to overcome the Q4 shenanigans she orchestrated. #whatcompliancecources

@184 TEBG has been a sinking ship for years. Hard to turn that ship.

TEBG is such an under performer. Despite hiring an external group president. #Challengeaccepted

@yg 78%

@xn
109% Corporate
120% SIBG
100% TEBG
???% CBG

Can someone confirm for CBG?

always got a laugh when directors would complain quarterly numbers were down because of AIP payouts.

109% Corporate
120% SIBG
???? TEBG
????? CBG

TEBG - 100% AIP payout

@td unfortunately for bonuses there are two set of books for BB. Book 1 d-mbs down the AIP by excluding the positive metrics and emphasizing negative metrics. What should be an AIP close to 150 get "adjusted" to 120 for the unwashed masses.

Meanwhile BB and his handpicked cronies use a "secondary" metric more tied to stock price. Voila! 200 percent payout.

BB enjoy your yacht life this weekend. You can't take that unworthy wealth with you.

@sv transparency at its finest. Quiet quitting continues.

@s4 there will be no AIP announcements it will just be in the P4P statements on 26th Feb. Email went to supervisors today

Still crickets for any AIP announcement…..

One big union CEO all the way down. CEO allowed to make only 7 times what the lowest level makes. Can easily be approved by the board if they have a spine.

@j1 how do you unionize white collar workers with college degrees who all make six figures?

You'd need a system unions to be effective.

I don't see the line workers standing in solidarity when the scrum masters go on strike to demand more money and another week of PTO, when those guys already make twice what the line workers make.

If there was a union 130 percent could easily be negotiated but now everyone is at the mercy of bean counters.

With 3M share price at recent years high, it is a disservice if the AIP payout is anything below 130%.

@fq leak for a low level manager in US, I saw the screenshot only, don't know what impacted such a low final result

@fq

I haven’t seen but CBG could be real cr-ppy driving corporate down

@fp where have you seen this ? Makes no sense

Corp is 108.9%

@f9 116% at the most for Corp. Will find out 2/28

Yes any less than 130 percent should be considered a pay cut slap in the face

Based on last year's surge in share price. It shows that BB has led company to super results. Do expect 130% AIP at least.

@ch because it's a promised party of my compensation, and I want it now.

I've earned it, they need to stop sc--wing around and hand it over.

Guys, why are you all so eager to know when and how much the AIP is gonna be?
Just be patient, it’ll come when it comes.
It’s more of a nice-to-have anyway — not something to depend on.
I’m not personally relying on it.
Are you all really that dependent on the money, or what?