Thread regarding Medtronic Inc. layoffs

I am with you! Why would somebody stay at a job they dislike so much? That is what is strange! sit on a website bashing the company that is paying their salary. By the way, I am not the HR police, if you don't agree with constant complainers on this website that is what they call you. If you are that miserable leave and let the people who like their job here keep theirs. Duh!

If you have been here for a while the Mission still means something to you. Even if we know ExCom uses it more cynically to get employees to follow the plan , we’re not staying for ExCom. We’re staying for patients. And i know this current crop of ExCom won’t be here forever, i will outlast them and we’ll see this place recover.

Post ID: @OP+1pZ3Pd4S - you sound like a HROC Police, don’t you have anything better to do then post d-mb thing here.. like hire useless worthless skill-less people and fire people who actually do stuff and get things done?

Employee 401k vesting is three years. I am kind of waiting for that as well .. but I'd be willing to take the hit if I found something good

I’m one who jumped ship. I read this site once in a while to see if the culture has changed. Anyways, I joined big pharma. The base pay is a lot higher as are bonuses, annual equity awards for all staff levels. Contributing 10% to employees 401k is the norm in pharma. The two things I miss about MDT - the people doing the actual work. I had some of the best colleagues at MDT. The other thing I miss which is somewhat laughable is the Recognize Points reward program. I do hope GM gets canned soon and MDT turns a corner for current employees sake. I enjoyed working with everyone there.

Wait, you vest at 2 years…which means walking away from MDT will cost you (likely) <$8k?

Just go my friend, don’t worry about the vesting. You can negotiate that into your new offer…I know Medtronic compensated me for my unvested portion of my previous employers 401k match, I’d assume if your moving to greener pastures that option would be available to you too

I'm waiting for my 401k to vest before I leave

I’m not eager to jump ship now that I am getting closer to retirement. If I was younger, I’d be looking.

It’s happening. Just interviewed and was told I was 4th Mdt engr they interviewed for the position.

Hate to say it but we are paying less and now the longer you stay the more they exploit you financially. Unless you are close to retirement it’s probably best to jump ship or at least starting to update your resume. The Medtronic of the past isn’t coming back, breaks my heart.

Hey HR business partner, it's the weekend, you can log off now Geoff isn't watching.

Two words, golden handcuffs (and I don't even have direct reports).