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Comments (2)
Been through this dance at 3M before. The moment leadership starts throwing around terms like 'agility' and 'streamlining,' it is time to refresh the resume. They love to dance around the actual layoffs until the severance packets hit your inbox. If HR is already auditing vendor spend and travel budgets, the writing is on the wall. They are trying to tighten the belt before the big chop. Do yourself a favor and start quiet-quitting or looking for a way out before the axe drops on your department. It never ends well for the R&D folks.
Honestly, take a breath. Every large conglomerate does this 'operational efficiency' charade at least once a year to satisfy quarterly earnings calls and appease shareholders. It’s corporate boilerplate. While it is true that non-core projects are usually the first to get the budget cut, that doesn't automatically mean mass layoffs for everyone. Focus on showing your value to the core business deliverables rather than stressing over rumors. Keep your head down, do your job, and wait for the dust to settle before doing anything drastic.