Someone said mdt considers to combine Neuro and CRM. How much possibility？

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 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 

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 

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 

40% is a big number. If it is true，how to ensure company function is still functioning？I doubt

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 

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 

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 

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 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 

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 

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.

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.

So far, the folks I talked to are leaning more toward no than yes. I wonder if this is the case throughout the company.

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?

VERP，then Cut. until fullfill the plan.

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 

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 

I want to answer honestly but not at the risk of repercussions

When and which department?

Heard some rumors about the impending closure of CDM OU. Is it true?

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 

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……

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 

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!

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 

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 

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 

How do you even manage to focus on work?

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 

They are looking to get people (all levels) into office. I know of 2 VPs laid off!

I've noticed that there are a lot of people here who try to sound like they don't care too much if they get laid off or not. That's a little strange to me. I, on the other hand, am very anxious and worried about what I will do if I am laid off.

Any rough guidance around what level of MIP we may be "gifted" by the board?

If what people write here is to be believed, there are already sporadic layoffs happening. Does anyone have an idea what the time frame will be, that is, when we can expect the big wave of layoffs to start? Maybe before the quarterly... — read more 

Bill George, former chairman and chief executive of medical technology company Medtronic, says those are among the reasons he has always been wary of mass layoffs. George, author of True North: Emerging Leader Edition, predicts that if 10% of an... — read more 

Where is the rumors of this 8000 RIF coming from? Does it include the employees from divested businesses like Renal+ PM+RI ? Seems like a bloodbath if they do go through with this. Almost 10% of the company

It used to be a company that was engineering focussed. Now it's like any other exGE CEO company. Focus on mergers and buybacks when capital is cheap instead of building the organization and making it efficient. Focus on EPS and what the street wants... — read more 

Having in mind some of the characteristics that a typical leader or leadership is supposed to have, one could easily conclude that we don't actually have leadership here at all, but highly paid people in the highest of positions who constantly make... — read more