I used to make maximum efforts because I wanted to stay here for a long time, but now I think that a layoff would be a blessing for me. Why? Because I think that in any case those who are laid off will be better off than those who stay here in an... — read more
Opt in to VERP / severance?
Does anyone know if you have the ability to "opt-in" to the VERP? I know it will vary by OU / function, but I'm curious if it can be done and if so who to reach out to. The obvious choice, is my manager, but our group hasn't had one in a couple... — read more
No big deal
Medtronic is losing a ton of top-notch employees, but the bosses up top are just sitting pretty and not doing much of anything. It's like a big wave of the best people leaving and the higher-ups are acting like, "Eh, no big deal." It's not a good... — read more
Rice Creek Campus to be sold off
Ex-com is looking into selling the Rice Creek campus. This might be the sign they will be combining the Neuro and CVG implantable BUs. Good luck with that integration nightmare.
Wake up call to leave this company!
While some of us may survive this round of layoffs, the outlook of Medtronic does not look good long term. Our leadership is incapable of running this company, while our competitors are stomping down our throats. The damage done on piling back... — read more
Culture has been totally destroyed
I remember when I first came here what the culture was like and it is literally impossible to compare it with the culture as it is now. It's just amazing how quickly the culture here has been destroyed isn't it?
I don't expect much logic behind choosing who gets cut
Unfortunately, I think that even the hardest workers should be prepared, because I hear from colleagues that there probably won't be much logic when choosing who gets laid off.
Layoffs while on vacation
Can you be laid off while on vacation? I know this might be a stupid question, but I’m kind of hoping that my manager wouldn’t approve my PTO if he knew that I’d be getting a call in the middle of it to tell me I no longer have a job. Has this... — read more
Rumor?possible combine Neuro and CRM
Someone said mdt considers to combine Neuro and CRM. How much possibility?
Diabetes Town Hall
What did you all think? The answers to layoff-related questions were very vague. We still have no clue when they're going to announce it.
Covidien acquisition and Geoff destroyed this company
Covidien acquisition has to be one of the biggest merger disaster in the history of medical device companies. And it’s kinda ironic that the guy who led that failed acquisition is now divesting and dismantling the product lines of that same company... — read more
The slowness of this RIF
Every other major RIF I’ve seen has been executed fast. Usually the people affected had little clue it was going to happen until receiving the meeting invite for when they were informed. I know it sucked for them but I think they appreciated that it... — read more
Greg and Geoff need to go! Board step up.
The supply chain and sourcing groups needs to be held accountable for backorder issues yet they have determined to be immune to these layoffs. They are the biggest contributor to our poor performance. Greg Smith and Geoff Martha need to go. They are... — read more
RIF 40% in Neuro&PH,is it a rumor?
40% is a big number. If it is true,how to ensure company function is still functioning?I doubt
Always strive to be more competitive
it's important to keep in mind that companies often have a specific business need or strategy that drives their hiring decisions. For example, if a company is developing new software products, they may prioritize hiring software engineers with... — read more
Layoffs today
We know there were small cuts yesterday, has there been a continuation today? This is outside of any major layoff announcement so it's hard to get any info on it. It's sad that our management offers no information and we have to turn to anonymous... — read more
Defying the RTO mandate
I know some groups were already going to the office a few days a week. What do they use to monitor who does and who doesn't show up for the mandated two days? Is there anybody from those groups who decided not to go in? Have there been any... — read more
Return to office
The message has been distributed. Our amazing leaders want us back in office a minimum of three days a week. How is everyone feeling? I'm irritated (no business partners local), and I work too much as it is. I'm wondering if it's just another way of... — read more
Medtronic Layoffs and slashed bonus announcement today makes perfect sense.
Medtronic spent over $6 billion last year on stock buybacks. And spent another $1billion just a month ago. What incredible leadership! They're actively re-structuring the company into a has-been. The company is already replete with B/C grade... — read more
We are still hiring
I'm confused about why we're still hiring when we're in the middle of a cost-cutting season and I'd also like to know how can Medtronic even find people who are willing to join at this place in time. Our reputation is suffering. The word about how... — read more
Date of layoff announcement
I was wondering when will layoff be announced? Last year, IT had a reorg, the date of announcement was early June, any insight to this year’s layoff announcement date? I assume HR is working on the list right now.
How does severance work?
Anyone know what the severance will consist of, if PTO/MIP/long term incentives payout, and if you can double dip with unemployment? Trying to get my finances in order prior to the reckoning. Fun times…Good luck to all.
How many are planning to accept VERP?
So far, the folks I talked to are leaning more toward no than yes. I wonder if this is the case throughout the company.
Quarterly Town Hall
What did everyone think? Sure was a lot of positivity for missing everywhere under the sun regarding AOP this year, but meeting external expectations. Can this be tied to leadership being disconnected from what is realistic for us to achieve?
It is all on the table now
VERP,then Cut. until fullfill the plan.
If you're unhappy, quit!
We only get one shot at this thing called life, right? So why waste our time working at a place where nobody appreciates us? I mean, sure, getting a pat on the back every once in a while feels good, but that's not enough. We deserve to work somewhere... — read more
Anyone get a kick out of Kiil's commentary about Globus and NuVasive merging?
He was saying that the merger will turn out poorly like mergers in the past and that this one will be no different. $3B merger. But no, the $43B merger between Medtronic and Covidien was a GOOD thing, right? That totally bucked the trend and went... — read more
Can the OHS be used aganst me?
I want to answer honestly but not at the risk of repercussions
The next layoff at Medtronic
When and which department?
CDM OU dissolving
Heard some rumors about the impending closure of CDM OU. Is it true?
I'm looking for a way out
Almost everybody I talked to in the last few weeks said the same thing. I'm thinking that Medtronic might end up losing more employees than they expected - and I'm talking about knowledgeable employees with decades of experience. I'm guaranteeing you... — read more
I am getting tire of endless reorg
Even the reorg and recent layoff do not affect me, I am so tired of hearing reorg and people leaving……just feel distracted and sad still being here……
Greg Smith ki-led the VERP
From my sources they said Greg Smith was the only EVP to NOT offer employees under his Global Operations org the VERP. I work out of the MTC campus and people who would have been eligible were pi---d to find out they were excluded. There are good... — read more
Greg Smith shafting employees by not offering VERP
I heard Greg Smith made the decision NOT to offer any VERP for anyone under his Global Operations. This sounds like a good case for a class action lawsuit. I work at MTC and engineers in R&D that would have been eligible are pi---d!
Martha’s Compensation
The ex-GE boy genius received a 28% increase in compensation last year. I’m so glad I was able to help contribute by taking only a 2% raise, like everybody else. I’m sure his compensation package increases more after he lays off everyone. — read more
Why don't leaders get it?
Imagine this: Profit is an outcome of doing business the right way. How many executive leaders still here have forgotten the word "fair" in Tenant 4? Gaining profit and market share should not be the main goal. It is an outcome. As a publicly... — read more
MIP and Layoffs
The MIP policies seem to suggest that it is only paid to those who are still employed by Medtronic when it is paid out in July, even though it is for the fiscal year that ended in April. So it seems that even if layoffs were done in May or June... — read more
Morale at an all-time low
How do you even manage to focus on work?
Layoffs at Medtronic and Medtronic Care Management Services have begun
Layoffs at Medtronic and Medtronic Care Management Services have begun. They are trying to reduce staff by 8000 worldwide. Both Medtronic and Medtronic Care Management Services are now fully integrated with a off shore consulting company called TATA... — read more