More and more orgs are rolling LATAM and APAC headcount directly into their SG&A. This allows for a more favorable SG&A as a % of sales when sales don’t increase. The expectation is everyone is global and the jobs can be done anywhere. However, these types of moves tend to be short-sighted and create operational execution deficiencies later. This reeks of a short term CEO chasing stock price gains and a near-term exit. It also hurts the long-term outlook of 3M staying together. It is already just 3M-in-name-only
I was looking for Germany updates and came across this post. Figured I'd bump it so it doesn't get buried in replies. OP: @dp+1kjbhbg8a