Does this mean DEI is working?

After the earnings and stock drop today layoffs are guaranteed to come in April. There really is no choice. I personally think it will be a blood bath, probably 5% minimum but maybe 10 %.

All efforts in vain… What a foolish thing to try. It’s time to coast and collect the paycheck like everyone else

Any rumors of RIF in Endo before year end?

This was a total waste of money that could have been put towards increasing the pay of employees. This new build is losing thousands due to the different and various ways Medtronic operates compared to how CEVA operates. So much of the wrong product... — read more 

Meta laid off 5% off of its workforce because the employees were "underperforming." Meta is using this tactic to avoid paying severance to those employees. Many of those employees had achieved and exceeded performance reviews. It is only a matter of... — read more 

... — read more 

Large companies like Google are dropping their DEI initiatives. How long do you think Medtronic will stop supporting ERGs?

Look at stock performance since GM took over. All time high shortly after he became CEO based on what was in the pipeline, then a four year free fall with no recovery in sight. While the overall equity markets have gained mightily over the past... — read more 

All the best to all. Given our footprint in TJ. Layoffs will accelerate

Is the current RIF goal to have everyone in US off headcount by end of the fiscal year? This would mean all notifications would happen before the end of February.

Has anyone heard anything?

Work has been a total nightmare lately. In addition to the usual - office politics and cr-ppy management that loves to bully its employees - I cannot remember it ever being this bad regarding layoff rumors. There is not a day when I am not worried... — read more 

Many OUs have millions in over spending, again. Q4 is tough. As usual hiring-traveling freeze is coming. This is an annual thing, nothing new for MDT though.

Is anyone else’s group being asked to track their time? We are being asked to track what we do, in detail, everyday for two weeks. Everyone, regardless of position, is required to do this. We have never been asked to do this before. Somehow, I don’t... — read more 

Lots of HR people online/in a call this saturday morning, what’s up

Did Medtronic buy this site - thelayoff.com ? I keep noticing that most of the honest & sincere posting getting deleted all the time. It has a o be an inside job.

What if we just got rid of a few? I bet no one would even blink or care if they were cut. It’s not like they’re adding much anyway. Maybe the place would run smoother without all the extra hands waving around, trying to micromanage everything. We'd... — read more 

... and it's a former GE guy. This forum is going to love this LOL

Any chance MDT may split into multiple independent businesses.

My management did me wrong and treated me awful at the end. Was having a good year so trust me, it was not performance. Now I wait for schadenfreude.

Or are there any rumors to the contrary?

Anyone hear anything new about upcoming cuts to corporate functions? Or are they just sticking with hiring freezes?

Any insights or predictions on whether they’ll offer a package this coming year?

Hello, so unfortunately I was laid off a few weeks ago and was told that I need to find another Medtronic role in 2 months unless I will be terminated completely. Has anyone successfully found a new role before two months? Is it true that the... — read more 

I’ve got a bridge to sell to every one of them. There’s no such thing as safe at Medtronic.

Bill George

What is wrong with us where we can’t say merry Christmas Instead of saying happy holidays ? Why are we always on the wrong side of things? We back and pat ourselves on the back for supporting and inviting losers like Walz in the holiday program... — read more 

The job market is rough right now. It’s tough even for those with experience, education, and skills, and it’s worse for those who’ve let their abilities slip. If you want to find another job after getting laid off – and let’s be real, many of us will... — read more 

Happy holidays! Thank the board!

Very concerned about constant cost cuts and how, no matter how much we cut, it’s not enough. We don’t pay suppliers on time, which I thought was due to our incompetence but now believe MDT is deliberately trying to hold onto cash; we don’t pay taxes... — read more 

Below is an article where MassDevice sums up layoffs in Medtech. At a very basic level, ask yourself why is Medtronic the only company not to disclose layoff numbers? Why are other large med tech companies like Edwards, BD and Bard comfortable... — read more 

Greetings all. During this holiday season, I elected to read Charles Di-kens' A Christmas Carol, having been loosely familiar with the story, but had never read the original. Here's a summary of the first four staves. In stave 1, we’re introduced to... — read more 

I decided to leave, and need more time to find another job. It would be great if they leave us in relative peace until at least Feb and March. I just can’t be a part of this company anymore. I used to like my job, but the way we are all being... — read more 

I haven't been here long enough to know if Medtronic does layoffs close to holidays. Should I be worried?

The pay’s not worth it, I'm constantly under a magnifying glass, and people are always coming and going. It feels like there’s no chance to climb the ladder, no matter how hard I try. We’re not treated like people, just cogs in the machine. I know... — read more 

Can anyone please share the high level severance package information? How many weeks of pay for each year of service? Wondering how long I will have to find a new job.