Stock is down in the drains. Anyone hearing anything on who will be impacted this time around? Looks like IT and GLS quality already had their rolling layoff rounds this month. What other divisions are expected next? R&D or Operations?
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Why can't we cut GM and the board's salary and bonuses? It's so weird that only the people below Director's level get punished when Medtronic is doing badly.
I believe January. Any idea of the size/division(s)? I honestly didn’t think there was much left to cut.
2024 - early Jan.
Confirmed source
Can GM and excom hold out until April? That might drag down their precious financial results for Q4.
Profit for me begins with thee! @1etd+1pkHQ5tc
@1xla+1pkHQ5tc Quality Begins With Me — scratch that, Quality Begins With Profit
I believe Quality is next. We can't get unproven stuff out the door quick enough. Who cares if one or two patient gets hurt as long as sales hit their quota.
Yeah there will be another round of RIFs. Then in July, you will see open positions in India.
April