Thread regarding Medtronic Inc. layoffs

The best people are leaving

Another colleague of mine who was an excellent employee left. Do you notice that more and more people are leaving?

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| 2371 views | | 5 replies (last February 24, 2023) | Reply
Post ID: @OP+1kyrWCmp

5 replies (most recent on top)

Is Karen also leaving? I thought it was Sally Saba leaving for Apple.

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Post ID: @Nexn+1kyrWCmp

I have a great example --- Karen Parkhill. As one of the top female leaders in American business, why is she departing the world's top Medtech company for a consumer tech company (Apple, worth >10x MDT)?

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Post ID: @Mjkz+1kyrWCmp

Geoff Martha's mindless reorg 26th months ago is much to blame for the current situation (though has been using COVID for cover). Play big, play small (basically the GE playbook); consolidate a bunch of stuff under corporate, take away OU autonomy, vastly increase operating costs as a result and then push all of R&D to lost cost regions because there is no money left for innovation and development. See how well it worked for GE...

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Post ID: @pvdw+1kyrWCmp

Yes, I know a leader who gave notice for a better opportunity at a competitor that doesn't have all these problems.

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Post ID: @tpc+1kyrWCmp

Yes. Surprised GM still is the CEO. Board is asleep

Bill Hawkins was fired when stock went -30% (this was during the great depression)

RIght now, stock is down -45%

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Post ID: @efu+1kyrWCmp

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