Under the leadership of Dan Volz, the Neurovascular business has plummeted. Shame on Brett Wall and Geoff Martha for their poor judgment in placing Dan in multiple leadership positions. Dan… Commercial Transformation under your leadership will lead... — read more
Time to part with Medtronic
I’ve been working here for five years. Watching such a potentially good company going down for a lack of trying is just not a workplace for anybody who actually wants to do their job. I’ve been looking for a while and I found another job last week... — read more
30% increase in CEO pay
Just unbelievable… 30% pay increase from last year to $20.1M. And 296 times more than Medtronic median workers pay. That a change from 230 times from last year. What did most of us get this year? 2%?... — read more
No organic growth
Medtronic is allergic to organic growth. The leaders would rather cut cost everywhere to make their golden parachute bigger. This is one of our biggest problems. We have leadership that doesn't care about the employees or the company. That kind of... — read more
Abbott partnership
Anyone see Geoff’s recent LinkedIn post about the partnership in the Diabetes sector with Abbott? Any insights onto what this might mean?
Bet: Geoff gone within months. Why else is he allowed to take a board position.
No, I don't have insider info on this, but my bet is that he's on the way out. The fact he has been able to take up a board position in another company is very telling. How tf has that been seen to be appropriate, considering the company he leads... — read more
Useless meetings
I'm so tired of this. I have other things to do. Important things that I can't leave for another day. And I'm still forced to take part in these unnecessary meetings where the same things are being repeated over and over again. Some people do nothing... — read more
What do you think, guys, what direction should we take?
Or if it’s even possible now to change the course? The way things have been for a while is a dead-end. We can expect nothing but for Medtronic to continue downwards and for us, employees, to be in a constant fear of layoffs. I was so happy when they... — read more
Omar Ishrak - legacy
Legacy of Omar is a tough subject. Executed one of the largest Med device acquisitions, which led to MDT stock doing well in his time. But what about innovation, distraction of VBH, and most importantly the "GE"fication of MDT - starting with... — read more
GM 100k "performance" shares
What performance? https://www.sec.gov/Archives/edgar/data/1560409/000161310324000090/xslF345X05/wk-form4_1722470548.xml
Severance check date?
I know we were told “as soon as administratively possible” but it’s been weeks now. Anyone have info as to when we can expect our checks?
Medtronic Q1
Edward down big yesterday Dexcom down big also, mentioned about competition, J&J also mentioned competition impact. Is it going to be very good quarter for Medtronic considering advantage going towards Medtronic 🤔?
The never-ending threat of layoffs
How do you guys deal with this? I'm stressing so much that I'm starting to feel it affects my health. I wish I could stop but I haven't been able to find a way to spot thinking about it so far. With a bad job market and not being able to afford to... — read more
Our department is all working on documentations
Does this mean potential layoffs on the horizon? Like every team in our department has been directed from our management to work on documenting everything we do. Keep in mind this new management came in less than a year ago.
Everybody seems determined to leave
It's scary and sad seeing all these great folks and talented people leaving. There's a quiet exodus happening, and it just keeps getting worse every day. More and more people are jumping ship, and it's turning into a serious brain drain. I have a... — read more
Still No Separation Agreement
My role in CRM was impacted by the RIF in early May. My "notice period" expired on 7/9, but I still have not received a separation agreement from MDT. Not sure if they are being slow on these to help defray the impact of mass severance payouts on... — read more
Continuation of layoffs
Do we know when it's happening?
STOCK UPDATE for the BOD
Medtronic stock returns Since GM took over as CEO (April 1 2020): MDT: -10% DJI: +65% S&P500: +86% Medical Device ETF: +33% This is a lot worse if you look at this starting Nov 2019 (when GM really took over the company) Medtronic leaders - Geoff... — read more
We are cursed with bad leadership
I went from loving to work here to actively looking for a new job, because this company has no future. Not because the employees are incompetent, not because we can not make innovative products that there will be a demand for, not because we don’t... — read more
NextEra Energy Appoints Medtronic CEO to Board of Directors
NextEra Energy, Inc. has expanded its Board of Directors, appointing Geoffrey S. Martha, the CEO and Chairman of Medtronic plc, as the new member. Martha brings a wealth of experience, having held various leadership roles within Medtronic and GE... — read more
Continued Employment
I can’t come up with one reason why the board is still in place. I don’t mean this sarcastically but can anyone else? My guess is there are agreements with the big investors and current leadership or a purchase of an outside company. Thoughts? — read more
How does severance lump sum, MIP, and PTO get paid out after layoff?
I was laid off in May was told the severance check would be coming on July 10th. I had assumed that MIP and PTO would be paid out at the same time. The bank statement for severance came in but it doesn't look like MIP or PTO was included in it... — read more
Loyalty
How come we are expected to be loyal to Medtronic but that loyalty is not reciprocated? We are treated as an expense instead of an investment. We can be laid off at any point without a good reason or explanation, but somehow in all of that, we’re... — read more
MDT Market Cap has sunk below 99 Billion
Let's congratulate Geoff & the board for engineering the extraordinary decline in market share. MDT has sunk below 99B market cap and is #5 amongst its peers. While 99B is still a big number I'm sure they will find a way to mess things up more. ... — read more
MIP
Does anyone know if the RIFd employee gets the MIP in the severance check or separate?
Job search
I don't know if there's anybody still reading this after being laid off, but if the answer is yes (or if somebody is still in touch with those who were laid off) can you share with us please how your job search is going? Are people able to find new... — read more
Why can’t we innovate?
I’m seriously asking. Or everybody basically gave up on this company, so it’s only about stock and upper mgmt pay? Letting so many talented and experienced people go all the time, together with all other cost cutting measures, in exchange for the... — read more
So Long KP
This ship really is sinking isn't it?
Message to the Board
Has anyone written to the board and received a constructive response? Wondering if it's a worthy endeavor.
MIP % per BU
Use this to post your BU's MIP multiplier
End of Year Benefit selection is right around the corner.
Any ideas how they will nibble away the benfits program this year? Last year one was dental insurance while bolstering rarely used garbage benefits. Lets brainstorm it so we are less shaken when it happens this fall!
I decided I won’t do Project 6 this year
I care about helping people and my OU encourages us to do Project 6. But I feel like if I do it I am playing into the corporate BS. I feel like I am helping Medtronic with their fake mission. I won’t do Project 6 because MDT is a joke and I won’t... — read more
I really want to like MDT..but..
The Mission is so stellar..I like my co workers and boss, but the general environment is depressing..I joined a year ago..insprired by the mission and it was a bigger role for me than what I did in the past..but now feeling dejected. I want to really... — read more
Thoughts & key takeaways from Quarterly Update?
Share your thoughts & key takeaways from quarterly udate.
How are you holding up?
I’m sure as he-l not comfortable and my best self at work with this ax constantly swinging around my head.
Why can’t I get RIF’d??!!
All I get is raises, nice bonus and global travel. It’s getting tedious.
Layoffs finally hit the media
https://www.startribune.com/medtronic-layoffs-continue/600373284/
Layoffs update
What’s the latest? Which depts have been hit the most?
Fire Geoff
Our competition is destroying us while he travels in the company jet. What is it going to take to fire Geoff and his cronies including Greg Smith and Scott Cundy?
This company would be great with better mgmt
It’s never a problem with peeps doing the hard work. It’s always mgmt. Failing in this industry is really an achievement. If we’ve had an upper mgmt with vision, capable to develop a plan and invest in improvements/upgrades where needed, competent... — read more