The workload seems to be decreasing in my group. Not sure if it’s due to EU MDR winding down or something else. Some days there isn’t a lot to do. It’s both boring and unsettling.

GI unit President Giovanni Di Napoli gone EVP & President of Medical Surgical Bob White gone EVP & Chief Human Resources Officer Carol Surface gone Aortic President Carolyn Sleeth gone Cardiovascular Diagnostics & Services President Julie... — read more 

Along with the last semblance of innovation...

So long last semblance of innovation

Is anyone else getting their ducks aligned to voluntarily lave once MIP vests 4/26?

Last year there were audits close to layoffs …

"As an investor its worth striving to ensure your overall portfolio beats the market average. But if you try your hand at stock picking, your risk returning less than the market. We regret to report that long term Medtronic plc (NYSE:MDT)... — read more 

Yes there is a RIF, and it's big. For now it is planned for 1st or 2nd week of May. If you're worried, my best recommendation is to speak honestly to your boss if you trust them, and ask them what the odds are. If you are affected, I hope you land on... — read more 

I just found this page and I read in an older thread somebody state that people are now being laid off without severance. How is this possible? Is severance not guaranteed by law? If this is true, it adds a whole other layer of stress to the rumors... — read more 

Anyone know what they really mean when executives say this? Let's speculate in the comments! :)

Last year, layoffs occurred in mid April. I'm speeculating it's going to be similar so the company can guide for higher earnings for the next fiscal year, taking into account the reduction in force. Anyone have any concrete news?

3M got the message. Why can't you? https://finance.yahoo.com/video/3m-stock-jumps-naming-ceo-153518759.html

I'm thinking about leaving MDT. The MIP (bonus) payouts are usually the latter half of July. End of FY is April 30 (ish). Do I have to be working at MDT until the actual payout date (late July) to get the MIP payout, or do I just have to be there... — read more 

"We are very concerned about cost" "We've flown people in from all over the world to India to be present" It must be hard to keep their stories straight. Good thing they hire talented speech writers and handlers.

"Is Medtronic Making Efficient Use Of Its Profits? With a high three-year median payout ratio of 87% (implying that 13% of the profits are retained), most of Medtronic's profits are being paid to shareholders, which explains the company's shrinking... — read more 

This whole mess smells like more cuts coming. As if we haven’t been stressed enough already. And it’s not as if layoffs will put this company back on track. Problems run much, much deeper, and they will not be solved by simplistic cuts. This place... — read more 

Thank the board!

In case you're interested, a couple of her directs are on salaries of over $350K a year. It's a great gig if you can get it. Duties: Do podcasts and post on LinkedIn. Send out notifications for training about Unconscious Bias every single year... — read more 

This is a terrible stock and price actions Looks like analysts and street are seeing something in the Q3 results that we dont. Constant layoffs and reogrs are not the solution to the problem, innovating and maintaining the quality of the innovation... — read more 

Flat costs on another year ... At some point people are just going to start running towards the door. LinkedIn job postings already have within rounding of zero applicants in my function. How long is this legitimately sustainable, and what talent... — read more 

RIF season is in full swing, and no one is safe. They just laid off Bob White. https://www.massdevice.com/a-medtronic-evp-is-leaving-amid-latest-reorganization/

Medtronic earned $1.3 billion, or 99¢ per share, off of $8.1 billion in sales for the quarter ended on Jan. 26, 2024. The bottom line was up 8.8% and the top line was up 4.7% compared with Q3 2023. Adjusted to exclude one-time items, Medtronic’s EPS... — read more 

Congrats on another quarterly crash! From today's earnings call, it's obvious how skewed the priorities still are. You are so focused on the wrong things, lol. "We remain focused on restoring our earnings power and creating value for our... — read more 

New sustainability officer, c suite level gig, and the CTO hires a management consultant. Real med tech companies have experts in this job and they take it really seriously. We get a stuffed suit who’s going to push PowerPoint around till Geoff... — read more 

Engineers being laid off are no longer being offered any severance whatsoever, despite years with the company. Sad to see.

Congratulations on a confirmed dead cat bounce as the stock drops towards new historic lows, as the S&P 500 hits an all-time high. Well done C-suite / GE execs who are obsessed with profit over people! Everyone thank the board for this great... — read more 

Medtronic has been outsourcing it's IT and other departments to Wipro for the past 3yrs. Server teams, Local IT, now the Help Desk, other groups. Wipro hires warm bodies to meet the numbers they agreed to. that have no clue. Its too bad, they used to... — read more 

Medtronic will report financial results for Q3 on Tuesday, February 20.

All our competitors like Edwards, Intuitive, Boston and Stryker are raising and smashing expectations and growing at 15% after an amazing earnings results this past week. We need to work very hard to keep the momentum going and make sure our stock... — read more 

https://www.icij.org/investigations/implant-files/whistleblower-accuses-medical-tech-giant-medtronic-of-putting-profit-before-patients/

Any news?

How do we start a union so we can kick out these failed GE leaders and bring in better leadership? Anyone with me?

Anyone else can't sleep because they're worried of being laid off every day? Ex-GE execs don't seem to care at all about the impact to mental health they are having as a result of their relentless pursuit of profits. Do the right thing and replace... — read more 

Does anyone know if Medtronic CVS Caremark is a creditable coverage for Medicare plan D (prescription dr-gs)? I am having difficulties getting any information from either Medtronic or CVS Caremark and I do not recall receiving any notice about... — read more 

My prediction is that our string of good luck runs out and we miss by a little bit. What do you think?

Anyone else get prelim targets yet? My response was somewhere between are you kidding me, and I can't believe I still work here.

Any thoughts on Boston’s acquisition of Axonics. Help, hurt, or no impact to mdt?

With the latest approvals does anyone see the “squeeze” over the last two years will loosen up? I figure if releasing new products doesn’t do it nothing will. GLTA

Medtronic is closing at least five manufacturing sites, consolidating distribution centers and stopped doing business with approximately 200 suppliers as part of a push to improve its operations and supply chain. That’s according to a presentation by... — read more 

Many big comanpies have already stopped hiring and have freezes. There are multiple layoffs at companies like NuVasive and Nike just this week. We all should consider ourselves fortunate to have a stable job and insurance right now. And it falls... — read more