Yes there is a RIF, and it's big. For now it is planned for 1st or 2nd week of May. If you're worried, my best recommendation is to speak honestly to your boss if you trust them, and ask them what the odds are. If you are affected, I hope you land on your feet.
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When the RIFs happen, let us know where and which department
RIFs is happening but look at all the job openings for the Hyberbad office!!!!
Who is left in IT to RIF?
I heard it started today in Global IT. Not sure of what groups, might be spread out, but heard it's larger than the last few.
It depends on how many they want to hire in India.
How many cuts rumoured? 17000 jobs?
We can no longer convert contractors to regular employees. If a contractor wants to stay at Medtronic then they need to apply for existing positions that open up.
Moral is down. People are just keeping their head down
Anyone? Eerily quiet -
I had the job for many years of turning off network accounts in active directory during RIFs. It happens all year long. The month doesn’t matter. It happens quietly. It happens in small batches so the media doesn’t pick up on it. If you see it in the news then it’s huge batches. It happens with spreadsheets of times to turn off their access all over the globe (or at least it did when I was there, hopefully it’s better automated now). It was ‘good’ workers. It was ‘bad’ workers. It was always a mix and it was always surprising who we saw on the lists. I haven’t worked there for a handful of years but I’m so glad I’m not there waiting for my turn. It was always stressful wondering if you were next.
Been on spending restrictions for last 2 qtrs.
We're on a travel and spending restrictions right now.
I’ve not seen them roll out travel/discretionary restrictions, which usually come before RIFs
Has any BU’s seen any cost reduction efforts that would indicate an incoming reduction of headcount?
Everything seems awfully quiet. I don't even find anything about it scrawled on the bathroom stalls.
- 16.24
I think Medtronic is going to spread out the RIFs to avoid the WARN Act
@3cbl+1rHOEMb8 Yep, I'm OP. The comments about not being able to do it in May are just laughable. They do it whenever they want to. Don't believe me? Ask someone in HR what a blackout date is.
No problems. Come back to this post in about a month when you realize I was right. Noone doing RIFs enjoys it. You just fu--ing do it because it comes as an order from Geoff and Co themselves. Peace.
The comments around "RIFs need to be done before FY end" are plain wrong. They can absolutely do a RIF in May and have on prior occasions. I wonder which businesses will be impacted though, outside of the obvious one related to shuttering the ventilator business.
Lol, their post reminds me of the Navy Seal copypasta.
"I'll have you know I graduated top of my class in the Wharton MBA program and Penn State hockey team, and I've been involved in numerous secret GE programs studying cost-cutting, and I have over 30000 confirmed layoffs."
I've done more RIFs than you have any idea of.
And just look at all the spectacular value that has been generated from your efforts. Good job!
I do think it is coming. No hard facts. Just a sense. Also budgets are being slashed so somehow there will need to be a correction.
@cxh+1rHOEMb8 Calling "fake news"...lol. This is where you show you know absolutely nothing. I've done more RIFs than you have any idea of. As in multiple times a year for the last 8. They can do RIFs whenever they damned well like, and they do... all year, every year. You couldn't make it any clearer that you're rank and file with that comment.
Sometimes they'll try to force before the end of FY for the numbers, but sometimes they won't, for many, many reasons. Sometimes they put RIFs off for some random reason like not wanting to disrupt the end of a contract negotiation, ffs. I personally have done plenty after the end of the Fiscal Year and into May. Adorable that you think there is some golden rule about when RIFs happen. The only real no-nos are when earnings announcements are happening. Even Christmas and Thanksgiving is only blacked out in the technical sense... regularly overridden. THOSE are your only rules.
From what I keep hearing is week of 4/15 could be a RIF. week This is totally unconfirmed and only hallway chatter. IDK
Here we go again with the DEI...jfc
: @1ovz+1rHOEMb8
“.. RIF is only impacting people lower than Director level. All the executives should be RIF. J..Medtronic will save…” the reason RIF not happening at/above Director is because it’s filled with useless DEI people that begun to fill in empty positions forced upon us by Omar Ishrak Binladin starting 2015.. Since then this company has been a sinking ship.
Only reason managers care about cutting people is because the more they lose the more they have to justify the amount of fat at their level.
Regardless if this is new info or not. RIF is bad. What blows my mind is RIF is only impacting people lower than Director level. All the executives should be RIF. Just imagine how much money Medtronic will save.
A RIF can definitely happen in May if they account for it as year end. They can roll restructuring in as a one time charge that extends into the new year. Last year the April RIF did cause some big disruptions that they may want to avoid by pushing past may1
2016 they did layoffs end of May and into June.
Response to post below:
You know is bs when anyone says it’s in May.
It’ll be done and dusted before the end of the fiscal.
2 hours ago by Anonymous | 2 reactions (+2/-0)
Post ID: @lcb+1rHOEMb8
fake news . This year wont be like last year. Ventilator folks will be getting major culling this year as they stopped selling them.
Plus they have to do RIFs by April 30th to account for them before next year begins
You know is bs when anyone says it’s in May.
It’ll be done and dusted before the end of the fiscal.
Lmao @ "RIF training" -- very sad to see where the company has gone and what it's become. A husk of its former self...
It is coming in the 2nd week of May. For now it is being kept quiet and only managers with people selected for RIF know (sometimes not even them, it seems mainly at director level). Managers are going through RIF training and they don't even know if their team members are the only ones impacted vs they are impacted as well
OP - Where did you get this information? Can you provide any details?
The first 2 weeks of the new fiscal year? This is mo--nic.
Happens every year. Nothing new.