Thread regarding Solventum layoffs

Is it true all the old Global medical sciences team is gone??

@p1 one problem I see, and I'm going to quantify this later. Solv stock still has P&F revenue priced in. Not having actual values on hand, I would guess SOLV needs to drop by 15 dollars to account for P&F.

@mb How do we know this isn't just a fantasy? Do you have timeline on this?

Peltz is being too greedy. He should know that that it takes a few years to gain the trust of shareholders before it is the right time to cut headcount.

Well, I'm already out as I was impacted by the previous round. I already have a new role at a company that is a lot better culturally. Not missing Solventum.

I do miss 3M though, the people and how we all held together through the challenges was amazing!

@j4 I know for a fact, but I'm not going to tell you how. They're planning to move all of our jobs to India and Mexico. They're going the halve your teams and make you train the people in other countries. Then they're going to axe you. Start looking for a new job now. We should all quit, but we actually need our paycheck unlike the 'leader', who's definitely NOT the smartest guy in the room.

Quietly laid off people in October. 6 wound care RSM’s

More layoffs are coming? How do you know?

Is that how many they plan to lay off this round? Thousands?