Are any other departments breaking up and being made independent like Medtronic diabetes was?
Does anyone know?
11 replies (most recent on top)
@5m6 USSC is US surgical Corporation, the previous owner of the Medtronic North Haven site that later got brought out by Covidien (COV or LCOV for Legacy Covidien) prior to Covidien being brought by Medtronic.
@2vy what is ussc cov?
Gosh I wish people would not use acronyms all the time 😂
@13e thanks for a thorough response. Quite a scary time for anyone at the moment.
MDT will survive as a company. Hope they give out free therapy sessions to the remaining MDT employees. They are going to need it .
@2rk By god, that’s US Surgical’s music!
ALL HAIL THE RETURN off USSC. MDT has no heart, COV still has guts!
The Digital Technologies business will be consolidated into enterprise new BU. Hugo going down the drain. What happens to core surgical - A contender to be spun off? Thoughts?
Medtronic will have their strategy showcase for Elliot management in around mid December. I guess they will accelerate any breakups on the month's that follow.
Judging by Elliot managements pattern they usually try to exit the market by 2 - 3 years on average. Acceleration including huge layoffs and breaking up and shutting down whole departments will be done in 2027 and 2028.
That's 2 years of fear. If you find a better offer from a different company take it. By the time Elliot management has ravished it's way - there will be bare bones of Medtronic.
He-l I would. It’s dangerous living in Memphis compared to other cities with a Medtronic office.
Yes, the campus is tiny and everything is shifting to the Colorado campus.
I haven’t heard anything. But the current trend from Geoff and Elliott is quick, short-term profits over long-term planning. I assume anything is on the table as both are trying to pad their pockets as much as possible before the whole thing falls apart.
What will that look like? Will they leave Memphis?
Yeah it looks like spine is going to beak off soon from what I hear.