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