It’s an open secret that if you report any issues to HR they mark to your record and eventually fire you for being problematic. There is a lack of HR presence at our site and there are loud racists and people that have been complained about for... — read more
Layoff rumors in CV
anyone know anything?
Offer from Medtronic and BSC. Is Medtronic Avoid at All Costs?
Received offers from both companies in the Twin Cities. Medtronic's offer has a base salary 24% higher with 5% higher annual target bonus. (MDT offer is for 1 grade higher) Have heard great things about the Boston Scientific culture at these sites... — read more
MIP - 94%
Hi all! I received an e-mail saying the MIP is 94% . We missed the EPS target. Is this % the same for everyone this year? Or can it vary per OU, region and function?
MECC is a joke
No one knows what's going on, leadership promotes cliques. People don't feel comfortable speaking up. Directors think they are "making it easy to do work around here" when in reality it's a struggle to get straight answers from anybody
Non-Compete Enforcement
How strictly are the non-competes enforced? I'd like to join a direct competitor in a similar role to what Im currently doing. How will Medtronic know where I'm joining? Will it be an issue later on?
Medtronic Leadership Failures
Our site likes to ignore problems. The manager tells our director we are on schedule, but he is never around to notice the truth. Everyone has been using layoffs as an excuse to do nothing. I worry this cycle of firings will repeat when it becomes... — read more
MIP Payout
In today’s quarterly meeting the president said the MIP payout would be between 80-95%. Anyone know how your end of year rating factors in? Does a 3 payout at 95% or is that a 5?
What about the CIO?
Any opinion about her performance? Is she improving IT as she claims or is she ki-ling IT?
So, what happened?
Newbie at MDT. What caused the company to get to where it is? Bad leaders, bad products, bets that didn’t work out, too much fat in the org..???? Did we get here overnight or a gradual decline?
So much for MIP this year
Leadership is absolute garbage. Couldn’t help but to laugh while reading all their emails about how we “knocked it out of the park” as the stock tanked. Patting themselves on the back while we all pay the price for their stupidity. “We’ll get... — read more
GM and KP MUST GO!!!
The Wall Street doesn’t trust you already a long time! I’m sure if they leave, the Street will have more faith in us! GM and KP what are your plan to turn this situation around? MORE Layoffs?!?!!? Do you still don’t get it this approach doesn’t... — read more
Medtronic’s stock rises after another earnings beat and dividend hike
Shares of Medtronic PLC were headed higher Thursday, after the medical device and therapies company extended its streaks of quarterly earnings beats and annual dividend increases. The company also provided a fiscal 2025 outlook that was in line with... — read more
Such cry babies!
This company is full of bunch of cry babies running to HR when they are asked a tough question. They just don’t have ba--s to stand up for anything..
Medtronic not reporting layoffs to state govt as required by law
https://www.massdevice.com/medtronic-employees-report-more-layoffs/ Employers in Minnesota are required by law to report layoffs of more than 50 people. Medtronic stopped this practice in Minnesota years ago. I am sorry to all of you have been laid... — read more
Expected MIP Results and Targets
I can't seem to find a lot of information on the MIP targets and actual payout other than the forums of MIP missing payout last year. Does anyone have insight into Target %'s for a Senior (Level 3) or Principal (Level 4) engineer? Do any mid-level... — read more
Any posts or comments relating purely to DIE are getting removed.
Medtronic HR and DIE team all over this board right now, trying to save their skins. There have been many telling posts over the last few days. All of them are using terms and references that can be easily verified internally. Keep deleting. All... — read more
Posts disappear here
The agenda police are at work. I see a recent post disappeared. It must have struck a nerve.
FY25-25 - IT Layoff has begun
Recent reorg and some VPs departure, lay-off appears imminent. Like many failed Indian origin CIO (UnitedHealth) with no creativity their only outlet is todo LayOffs and move on. I heard in one of the meetings recently she bragged about buying a... — read more
I want to see the engagement score numbers
We know you are getting hammer by us worker bees. Instead of showing us the actual numbers you just bring up the topics and say they are being “worked on”. If I get an end of year review number you should show us how the employees are rating you... — read more
The future
Ex MDT VP here... Medtronic has become a great place... to have on your resume. The world outside of MDT is full of new products, enthusiasm, growth, success. My advice- if you are talented and hardworking, the fear of leaving Medtronic is... — read more
This round is over for sure?
I keep worrying we'll be hit with more notifications at any moment.
The latest layoffs convinced me to start looking
I've been thinking about it for a while now but I always found excuses on why not to start. Well, those excuses are gone now. I realized that a job at Medtronic can only be considered a temporary one. I no longer have expectations of having a... — read more
Summer Hours
Just FYI - one of our competitors is on LinkedIn bragging about their Summer Hours while MDT takes ours away with no notice. "As summer approaches, we're thrilled to announce the return of our Summer Friday's tradition! Starting today, our team... — read more
This will not stop any time soon
Medtronic is in a flat spin. Poor results, result in cuts, which results into lost culture, loss of experience, poor morale and stressed out and discouraged employees which lead to poor results which leads to more cuts and round and round we... — read more
Self-Interested Board Members are the Problem
There is no reason at all that shareholders would fight for GM to stay in the company. Sh*t results for a few fiscal years now, and much longer than what would be allowed from your average CEO. It makes no sense that GM has not been asked to step... — read more
Burn!
https://www.linkedin.com/posts/derekproulx_discrimination-medronic-30k-post-thanks-activity-7194787825744003072-s3bz?utm_source=share&utm_medium=member_ios
Are layoffs over?
I haven't heard of any more cuts today. Is it done?
Enterprise Accounts
Any rumors of layoffs within Enterprise Accounts?
SH&A Lay Offs
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