RIFS and position terminations occurred across all teams except for director level/above, of course. Leadership is an absolute joke and our customers openly question MDT leadership judgement. The unethical behavior and HORRIBLE business strategy will... — read more
Sad DEI division and remote workers gets more funding over people who touch products
Very disappointing that good people lost their jobs while the DEI group (everyone knows under who) keeps getting more funding for their initiatives , along with those remote folks who walk their cats and dogs and do yoga during work hours. Very... — read more
We picked up a Troll
You will know them when you see them. Please refrain from engaging them or down voting them and maybe they will get their jollies somewhere else. Peace-out
EVPs are the savants at MDT
Wow, found out today the new Pelvic Health OU President hire is Emily Elswick, complements from Mr Wall himself. Nothing against Her, but how does someone with a Journalism degree understand how to run an implantable device business??? Maybe a... — read more
Bigger MIP after RIFs?
Now that more of the dead weight is gone I’m hoping our MIP will be >100% for FY24?!? Fingers crossed y’all!! Happy for everyone who is still here.
Medtronic Employees Passing The Buck
It’s convenient to blame leadership but the truth is Medtronic is broken from top to bottom. From bad forecasting, terrible pricing practices, arrogant sales people, broken R&D pipelines, unprecedented quality issues…everyone owns the anemic growth... — read more
How many people were laid off altogether?
Leadership has been very shy about disclosing this number, so I think it would be good to get a count for transparency and accountability sake.
Socialized Demoralizing MIP
I remember when they gave out individual bonuses based on performance. High performers who really moved the needle for the company got large bonuses. Since then they socialized it where everyone at defined levels gets the same amount. This was the... — read more
Programmatic Savings blah blah blah
I work in R&D and have seen ballooning Operations Innovation budgets such that they can’t find enough projects to spend it on. This has resulted in severe cuts to R&D project dollars, especially for the mature OUs with what Geoff would call poor... — read more
Get rid of the dividend
The shareholder dividend is a waste of money and will be the company's downfall if it is not cut massively.
Truly awful leadership
You can't constantly be having layoffs and consider yourself a good leader. That's not how it works. Layoffs are the best sign of truly awful leadership that had to resort to the easiest way of cutting costs because they didn't know how else to... — read more
More layoffs tomorrow
Do we know if there'll be more layoffs tomorrow?
Please Provide Details
If you are going to post about being laid off or know someone who is being laid off please provide some kind of details. Just saying, "happened to me today" only leads to more uncertainty than at least saying your OU or your function or your site... — read more
Let go!
After almost 5 years at Medtronic I was blind sided by being laid off with reduction in work force. I feel bad for my team mates that are left behind. I know how much work is there and they will fall behind. Too bad the CEO can’t get his cr-p... — read more
My team just got hit
My department is in CRM. We just found out that we lost 5 people. These people were in leadership positions - two directors, two people managers, and a compliance person.
Just got laid
Got laid off this morning from the Mounds View, MN office. Thanks for the paid vacay Geoff.
It Happened
I was just RIFed after dedicated my life here for 6 years. It was a good run. Good luck to the rest of you all!
No way am I walking now
Time to pump the brakes. I’m not staying late or working weekends. I’m going to start dragging my feet and if they want me gone they are going to pay me my severance. They can try their best to make staying painful, but they just declared war with... — read more
No more summer hours
Just came across the notification that no more summer hours for US employees starting this year. One more benefit taken away!!!!!
Any word on Minnesota layoffs?
I haven’t heard a word but it’s been so quiet I think something might be up. Su-ks that I have so little trust in our leadership that I assume they are always lying. I figure now that the self reviews are done everyone is safe…if I jumped through... — read more
May 19th is the day
https://www.medtechdive.com/news/medtronic-layoffs-carlsbad-california/714611/ "The layoffs are expected to take effect on or about May 19, or during a 14-day period that begins on that date. The terminations primarily affect engineer roles but also... — read more
Hopefully HR Reads This…
For the amount of people who are paid to monitor this website, maybe someone will see how awful your layoff process has been in addition to your hiring process. It’s absurd that a company like Medtronic thinks they can afford to spend three months... — read more
Sourcing layoff
New item change in sourcing trans and we heard a bunch of teams gone for good? Any more news?
Stopping whining and moaning and start working
Boston is growing 16% per quarter. Instead of whining , moaning, blaming and complaining about things, we need to start working and work on our goals and put others upto task. We need to do more with less. Before blaming others, we need to look at... — read more
It is Official- Boston Scientific is Bigger than Medtronic
Boston scientific is $107B and growing https://finance.yahoo.com/quote/BSX Medtronic is $106B and falling https://finance.yahoo.com/quote/MDT/ Time for shameless Medtronic Executives to leave. Or better yet, follow YOUR GE model break this dang... — read more
The Human Cost
Just got home from the Target outside the old Sullivan Lake office, which as many know is now on the market after laying off pretty much all the support staff there to outsource it to India. Well, as I was leaving there was an individual sitting at... — read more
Who to blame? (satire)
Failure to meet numbers is always a problem with execution, right? NEVER a problem with the projection... right? https://youtu.be/uB9DioUQqEo?si=FnZPheFHMac52LXb
MIP
Anyone heard anything about MIP payout? Doesn’t sound like anyone is starting at 100%, you have to “earn” it. Keep your head up, next year has to be better right???
Is this the week?
Are the layoffs happening Tuesday?
Stock soon 70s
But more realistically, when will this ship finally sink under Captain GE-off?
Broken Promises....
It so disappointing to invest decades in a company only to watch new management break the promises and destroy the trust and culture built by prior leadership with customers and employees. Over the last decade plus leadership has hallowed out the... — read more
Return to office BS
Anyone hearing anymore “thou shall return or else!” threats? I’m beginning to think management has woke to idea it’s just not going to happen. The days of rotting in a cube might finally be over.
End of year reviews?
Anyone else find it crazy that there is such a large change coming to the end of year reviews without any explanation as to what it will mean? I’ve been told by 2 high ups that it will be “zero sum” meaning within your group for each person to get... — read more
WARN Notice CA
Medtronic filed a WARN notice to layoff 44 employees at Carlsbad location. https://edd.ca.gov/siteassets/files/jobs_and_training/warn/warn_report1.xlsx