The bloodbath has started this week, but there is more to follow! I have inside information that Medtronic will be releasing a press release Friday, with regards to an upcoming Scandal, that's about to break. Medtronic's shares are going to go through the floor, once this gets released. The price is already starting to fall. Anybody in the know of what is going to be released, are getting out while they still can. Good luck everybody!
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well are you going to share the scandal or just dangling the fruit?
corrected:
https://www.mprnews.org/story/2025/05/14/medtronic-lays-off-employees-at-co-n-rapids-research-lab
Medtronic, a Minnesota medical technology company, laid off employees Wednesday at the company’s Physiological Research Laboratories in Co-n Rapids, Minn.
An employee who works at the lab confirmed the layoffs. He said about 20 people were let go Wednesday morning, and he was laid off later in the day. He asked to remain anonymous.
https://www.mprnews.org/story/2025/05/14/medtronic-lays-off-employees-at-co-n-rapids-research-lab
Try 1500
Layoffs ongoing, almost at a close. Absolutely horrific. 100+ in diabetes inside sales alone. Gruesome and cruel.
Wow DEI grandpa is off his meds again. Maybe you should be a better employee than your peers. Then maybe you could get a promotion.
Seems like it's pretty minimal. Pretty much all businesses affected, but it's handfuls not hundreds.
For the sake of clarity and purpose, let's stay focused on the topic at hand. This platform is intended for genuine insights regarding layoffs, especially since we can't rely on our leaders for accurate information. There are numerous other forums available for discussions about DEI.
Hey SallySabba poster… you are an insufferable POS and nobody is taking the time to read that full post. The fact that you blame DEI for this mess and not capitalistic, mediocre white men who largely run the company and board says all that I need to know about you. Go see a therapist before your entitlement and delusion take a turn for the worse.
I used to think DEI was bad. Maybe you take a short term hit in company performance. But society needs to break the cycle of under represented minority groups leadership positions.
As an example, we don't have a lot of women engineers (ie women selecting engineer as a career) because as a society, there isn't respect for a women engineers and that's fundamentally broken.
The rumor mill is on steroids. But I do agree that with all the DEI work, white women were the #1 beneficiary and that started before DEI became a brand if you will. It was just enhanced by it.
I think this probably will be something to do with the market manipulation scandal, I’m guessing????!!
I have concerns about an upcoming fiscal quarters, particularly due to supply chain challenges I am aware of, though these are not expected to materialize by week's end.
There is hope that current legal actions targeteting major corporations heavily invested in diversity, equity, and inclusion (DEI) initiatives, which we frequently highlight. Medtronic benefits from attracting capable candidates from diverse backgrounds, unlike some industries where such candidates are statistically less common. Examples like an unqualified blackhawk pilot that ki-led 68 people or undersized security personnel in the secret service last summer illustrate potential risks when DEI prioritizes representation over competence.
DEI, in this view, can undermine safety and quality of life when it overrides merit. The nation's material prosperity may have plateaued due to policies that are indisputably discriminatory, incentivized and legally required by far left activist groups and recent administrations in the last 17 years.
Support for DEI is inconsistent with meritocratic principles that created the vast prosperity in America. Post-World War II, nations like Japan and Germany rebuilt without such policies, achieving engineering and economic success through competence-driven systems. Japan's reliability engineering advancements and Germany's economic strength in Europe exemplify this.
Hiring less qualified candidates in critical roles, decades after civil rights advancements, lacks rational grounding. At executive levels, underqualified appointments have led to suboptimal outcomes over and over again.
Reducing standards does not elevate overall performance. While a small elite may dominate leadership, broadly penalizing groups like white men, most of whom are not part of such elites, is unfair and ideologically driven.
DEI should be abolished with prejudice. Biological and talent differences explain STEM's demographic makeup, and while Medtronic attracts qualified diverse candidates, they are not always the most competitive. Notably, white women have disproportionately benefited from DEI policies.
These policies Medtronic is so proud of should be a scandal that erupted years ago.
Wait, what? Medtronic will share a scandal that will cause its stock to fall? Are you sure your story adds up?