Thread regarding Medtronic Inc. layoffs

Key takeaways from Surgical R&D org update:

1. Most layoffs have happened, although for non-US regions it may drag out due to specific local regulations.
2. Surgical R&D will have seven centers of excellence, and four portfolio leaders.
3. More specifics will be shared next week.

How was the org update meeting?

SR update at 10:30 is for R&D. Looks like it is for all the R&D for the new Surgical organization.

@3pel+1mcUFvNg - wellllp I’m not on that 😂

Org update meeting at 10:30am with all of SR (1000+ attendees)

@2nui+1mcUFvNg - You think there will be SR layoffs tomorrow?

@3djy+1mcUFvNg - Who did we lose? Function/Role?

SI is f'd lost many . Site shutdowns in Israel

Lost one of the brightest in SR today. Baffling how this re-org is being done. No visibility and no clear strategy how they will move forward from here. Assuming most of my team will be on the block.

few major directors in SR, tomorrow (Friday) the big reorg announcement and more cut-offs

I mean has anyone heard of layoffs from Access and Instrumentation Platform?

I'm in SI and I haven't heard of anyone affected yet

@cqn+1mcUFvNg - by changes, you mean RIF? Or org changes/restructure again?

at least one person in SR has been affected that i've heard so far

For Surgical Robotics, rumor is that the changes will be announced next week.

SR here, nothing yet and havent heard of anyone.