Topics regarding layoffs at Medtronic Inc.

Topics regarding layoffs at Medtronic Inc.

Fresh start

It was hard leaving Medtronic mainly because of the pay. Then I decided that my salary would not play a part in my job search. It was not an easy decision, but once I made it, it felt like a huge weight has been lifted off my chest. It didn't take me... — read more 

Bitter Management?

I was with MDT for six years and left the company last month for a better-paying job (surprise). Even after having the same manager for the last three years, I thought it was pretty standard for my manager to send out an official notice/email but my... — read more 

Keep learning

I don't think I'll be able to find something better unless I upgrade my skillset. However, it's a challenge while I'm working here because I'm overwhelmed with the work that needs to be done. What's your strategy for growing your skillset, how do... — read more 

Fortune 500 company

Listened to a Garage Logic podcast that had a Senator they were interviewing. He said this year we will all have our jaws drop when a Fortune 500 company makes a huge change/announcement. Think it could be Medtronic?

Why is Geoff such a smug and a d***** bag?

Did anybody else notice how Geoff openly insulted and made fun of GI president Napoli saying something along the lines that “ I can’t even understand half the time what he is saying “ when he was mentioning about Nvidia partnership? I would be mad... — read more 

Mozarc…. What benefit to MDT shareholders?

Does anyone know the benefit received by MDT shareholders is from the Renal Care business divestiture (aka NewCo, with Davita)? KP confirmed Mozarc will not affect MDT income statement & balance sheet. We didn’t get a payment for the business... — read more 

Just a reminder to my comrades

Medtronic does not care about you. You are just a resource that the company will drain in order to push the stock price as high as possible. To Medtronic you are a tool to meet an unobtainable financial goal of infinite growth. Nothing more... — read more 

Return to office with the bare minimum if that

Amongst everything going on in the company they force us back to office and they can't even keep up with the bare minimum for cleanliness. Bathrooms are maybe cleaned twice a week with broken sinks, no soap, and sewer issues. Only vacuuming the main... — read more 

What a depressing place to work

I was hoping to use the MIP to pay down a hospital bill and put some money in my kids’ college funds. Instead I’ll just keep grinding away for the scraps this company provides. I used to feel valued at Medtronic. It’s been years since that has been... — read more 

Town Hall

What a tour de force from Geoff and excom today. Geoff’s usual business lingo word salad heavily seasoned with “uh” and “um”, the beaten-to-death reminders of all the external factors negatively impacting performance, the assurances that this time... — read more 

When is renal denervation going to pay off?

After paying $800M for Ardian and spending way more in US clinical trials, when will this procedure be FDA approved? Is it making any money OUS. Since it appears no more effective than or-l generic dr-gs (last US pivotal) will insurance companies... — read more 

I would be happy to leave this

I would like nothing more than to get out of here, but I can't get anything better. What are your experiences on the job market right now?

"innovation" ---- done

Martha keeps hiring B-team grifter execs. Everytime a long-time Medtronic successful leader exits, he finds some bizarre non-related-industry to jump in and mess things up. But, yeah, Ford Autonomous cars and Amazon consumer robots have been... — read more 

Bonus multiplier

They’re going to give us a bonus so that they don’t lose the entire workforce, they’ll just make it small so they lose a decent number of us. Anyone have word on what the bonus % will be?

DRM program

Curious to know peoples opinion on how DRM is rolled out for Medtronic? I'm a fairly new employee with loads of dfss, dmaic, reliability experience from other companies but it seems like as much as we like to promote DRM, we don't have time to... — read more 

IT getting outsourced more or not?

Its now been over a month since they gave the announcement that they were reviewing further outsourcing for IT. Work is already hard enough to get done because no vendors take responsibility, what if they do outsource the rest? You would have 5... — read more 

Listening to the investor call and it's infuriating

All the analysts keep blowing Geoff off with congratulations on Q4. Then come the question about low EPS and growth projections and Geoff keeps punting to Karen and Que to give their prepared answers. None of the analysts are asking any challenging... — read more 

This is the bitter truth

From continuity planning, I am reading layoffs will be quarterly/semi-annually but as a cover to remove individuals who either costs above the median of their pay band or individuals who have received a developing on their review. PIPS will be... — read more 

No MIP this year...

We were announced during an AEM that we would not receive any MIP this year...

Research companies you are joining

I left Medtronic six months ago for what I thought was a better opportunity. They had just finished a round of layoffs, so I thought, great, even that's out of the way, I shouldn't worry about that for a good while. Wrong. It turns out my new company... — read more 

Time to Leave

I started applying for jobs with the title and compensation I’ve regularly discussed with my manager and let me tell you that you are severely underpaid. I just accepted a job offer with a 15% raise for a similar position and here’s your reminder... — read more 

Good times

We had it good so good for such a long time. Bonuses, stock options, raises, great slogans, you could not beat a job at Medtronic. Well good times always end somehow; either bad and greedy management or poor response to market (lack of products... — read more 

Layoffs

There have been no rumors about layoffs and that's making me nervous. I guess Medtronic leadership broke me, since now I see no news as an intro to bad news. Am I stressing over nothing? What are the chances of another round of cuts within the next... — read more 

Compensation Range

I’ve been in my current role for two plus years and genuinely wanted to know where I fell on the pay band. My manager sent me the information and I am only being paid 6% more than a person with absolutely no experience and not considered “proficient”... — read more 

Is Geoff an Abbott plant?

Seriously...is this d-mb mother fu---r intentionally destroying our company? These decisions he is making are fu----g insane...WHO THE FU-K IS TELLING HIM HIS IDEAS ARE GOOD? This frat fu-k has to be a plant to demolish this company from within. — read more 

People still have hope

I too would like to have hope that this place will be fixed, but maybe that's a bit too much to expect? Some are still hoping for improvements, but unfortunately, it is unlikely that anything will change except for the worse.

Negotiating Severance

Anyone negotiate their severance package before and if so, any tips/advice about where to push and where not to?

Layoffs are management’s failure

These layoffs are evidence of leadership’s failure to fulfill the Mission, failure to serve customers and patients, failure to uphold their responsibilities to employees, failure to uphold their commitments to shareholders and the Street, failure to... — read more 

Do you need to work full shift if laid off?

My coworker got RIF a few weeks ago and he ended up working the full day so he can give his manager a status update on his tasks. Do you need to work the full day if you got laid off?

Looking to leave

I have to ask, is there anybody at Medtronic who is not currently looking to leave? The last layoffs round seems to have been the last straw for so many people that it feels like there is a huge exodus in the making right now. Everybody I talk to is... — read more 

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