I just found this page and I read in an older thread somebody state that people are now being laid off without severance. How is this possible? Is severance not guaranteed by law? If this is true, it adds a whole other layer of stress to the rumors of more layoffs.
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Ignore @7ozi+1rCWdH1p this person is an A S S H A T that took zero time to understand your comment. @6ouq+1rCWdH1p, I recommend seeking out companies that embrace a remote-friendly work culture or finding a job local to your area. It's disheartening to hear executives emphasize that the most effective collaboration only occurs in an office setting. Similarly, it's demotivating to receive messages from management implying that not being in the office regularly (3 days a week) will negatively impact performance reviews or career advancement opportunities. Unfortunately, there's a concerning trend among companies, where remote workers and flex workers are faced with ultimatums: return to the office or face termination or stagnation in career progression
‘Inclusive of remote workers’
Is this a joke or troll bait? If you can do your role remote then do it remote. If you can’t complete a job function remote shake your a-s into the office. Nobody should be forced to accommodate you.
Behave like an adult and make the correct decision on performing tasks remote or on-site. If you can’t do that, then don’t complain when an adult attempts to correct your behavior.
Plenty of jobs can be performed remote, and plenty of highly impactful employees are capable of working remote without crying about how they don’t feel like they are included.
Inclusive of remote workers…lol, your the bad apple who is ruining it for the good ones.
@6ujj+1rCWdH1p, I disagree, I think remote workers are the first ones on the chopping block. Medtronic has made very little effort to be inclusive of remote workers.
This time around I'd be a little nervous if your NOT marked a remote worker in Workday and continue to inorge the required number of onsite via badge hits as required. Directors and above ARE getting a report for each of their employees. SMH if you think this is not true.
Late 40’s and 50’s folks who have been eating too much avocado toast?
Sounds like some snowflakes need to pull themselves up by their bootstraps and not be afraid of a little hard work.
Re pension- the only people with that are legacy medtronic types, Minnesota/Tempe mostly, who didn’t opt out when they switched over more than 20 years ago. 25 years from legacy covidien gets you a hearty handshake and maybe a mug. There are lots of late 40s early 50s types that are in a terrible spot with no pension and options underwater and shrinking severance packages coming.
One thing to also remember, Folks with 20-30+ years of service also receive a pension. 10 years service Folks will take a big hit if RIF'd and only 1 week per year service. Lets see how this reorg plays out. Best regards to all !
Yeah, the 2 weeks won’t make it back. Think you’ll see a lot of folks who were waiting for it, decide to bounce anyway.
8 weeks pay, while you are still "on the books" and allowed to apply for other jobs at MDT. MDT does this so they can do layoffs without having to announce per the WARN act. Gives them flexibility to layoff and keeps things more quiet.
Past practice has been the 8 weeks plus two weeks for every year worked. This last part is what they might pare down.
Thank u Jack Welch for inspiring GM in his big brain decision making
So that's why my team that was delivering our agreed targets with agreed exceeds/exceeds across our full board was told I needed to chop 3 heads, or 50% of my team. Meanwhile, we are pitched as a growing market to investors...
@2tnz+1rCWdH1p, Medtronic does stack ranking?
Which businesses/functions have had recent layoffs, with or without severance, or which seem most at risk?
Noone is eliminating severance packages, you clowns. It's related to WARN, would open up way too much liability to stop it, and it's going nowhere.
RIFs at Medtronic never stop, even when you don't hear about them. Medtronic is doing RIFs all year every year, even before that tu-d Geoff. Geoff just does it for stupid reasons and in the absence of the innovation he promised. Bad investments, bad M&D decisions, etc. Geoff just does it more often and to cover his own a-s and "deliver profitability". Or try to... LOL.
As someone that has been heavily involved in RIFs: sometimes the decisions are forced for financial reasons, and yes some good people have to go. Sometimes the deadweight lifers that have been happily sitting on their as--s in a 1/2 job for 15 years with no plans to ever challenge the status quo are the ones that finally get let go. Sometimes the lower performers have to go. It isn't always the best of the best that are leaving, like people here say. There is literally a performance ranking system that helps with the choices.
There are no "quiet RIFs" or "petty reasons". There is literally a business case behind every single one.
To the poster below, you are not alone. New employee performance scale to drive high performance, yet we won't tell you what it means for you financially, and our standard raise is 2%. Our expectations are already higher than market, with below market increases. Riddle me that.
I'm getting more and more responsibilities with unrealistic goals. I feel like Medtronic wants me to quit so that they don't have to give me severance.
Anyone else feel this way?
Top performers are already out the door. And MDT doesn't give a damn about them anyway. How many more years of not hitting MIP and SIP plans it is going to take before you people realize the execs don't care lol.
Big cuts coming in about a month.
Its why Medtronic is already flagging; the RIFs/Layoffs were done so poorly especially in some BU's and have been going on for quite some time that top performers are already gone. They easily were snapped up by new start ups etc, so all your A performers are gone. Eventually the B's are gone too, because they don't feel secure in their job either. This impacts products and quality because no longer is someone willing to take a bet on something big or innovative because they find it will place a target on their back and that MDT is looking to chop heads so they keep their head down and do just enough to hopefully not get caught in the RIF while they apply elsewhere.
Before I left, it was hysterical seeing how many people weren't even trying to hide their applications while on company equipment or while in the office...
There will be severance.
Generous severance packages aren’t meant for those you RIF but those you don’t.
Not taking care of those you RIF telegraphs how much you value those who remain. Eliminating severance tells EVERYONE you didn’t RIF they should start looking for a new job, and your top performers will be out the door.
Then again, I’m just a dog.
There isn't any law requiring severance pay (do a quick Google search). However, if the company has a history of giving out severance pay then it becomes a lot less clear. They may still be required to give a severance, but I imaging that could change over time. I would not expect Medtronic to suddenly stop giving out any severance, that would open them up for a big lawsuit.
I would not bet on severance package. Medtronic has no reason to give out severance packages. In fact, with the terrible job market going on right now and Medtronic is coming up short on cash, I won't be surprised severance package will be reduced.
See the thing about the internet is that nobody knows you’re a dog.
I’ve been checking in here every now and then since the last RIF, and have noticed that there are a lot of disgruntled people here who like to stir the pot and whip people up and have a lot of opinions on diversity and inclusion then they have insider information on upper management discussions.
I’ve noticed Medtronic runs a tight ship in terms of leaking this info out, so your left with bitter and angry employees posting manifestos against ‘going work’
Also, consider you have no clue if the person posting is a janitor in Warsaw, IN or a Sr. Director at OHQ…there post would look the same
Sorry but NOPE. if you're a slacker, WFH type, 63 years old +. Have a MSP type job. ie. an expense not a income provider. Figure you have a target on your back to a RIF . IMHO.
Doesn't mean that you can't sue them obviously. With sufficient tenure, any half decent lawyer can get you a package. But they will skim 30% off the top and you'll never get employed by MDT again. But that is an option if they don't give you a severance or provide a pi-s poor one.
Why would it be guaranteed? Do you guarantee them 2 weeks notice?
Now they will find petty reasons to fire tenured people including high performers without severance. AKA "quiet layoffs" in order to avoid triggering the WARN act. Silly corporate games and unethical senior leadership.
Is severance not guaranteed by law?
Lol. No. Medtronic used to provide (fairly) generous severance. But they didn't do so because they were required to by law. It used to be good business to keep quality people from having an incentive to turn their sights on MDT competitively.