Thread regarding Medtronic Inc. layoffs

For me, it's the current job market. It sucks for my field. I'm also on a team that can't do layoffs for experienced employees.

The product I'm working on is extremely interesting and my immediate team is an awesome set of people. However, the day-to-day is not enjoyable and I'm heavily underpaid for the role I'm in. Like 20-25% from what I feel I deserve.

I could easily make a lot more money elsewhere, but to be completely honest, all the other technology in my area sound so boring compared to what I'm working on here at MDT.

The grind is becoming unbearable though. There's also practically no shot I get laid off given my role.

For the guy who says they do nothing. Imagine what your compensation could be outside the company for doing something. Comments like this define what the culture has become. It's more about cheerleading and trying to sell non value activities than actual value added work. Yes, I have recently started looking external and have received some good responses based on MDT experience (or their perception)

I have good work life balance. Most weeks I do nothing which is nice.

The only reason I stay is that I am in the process of getting my Green Card. As soon as I received it, maybe in 8 months, I am ready to move. Good job legal team.

Talking about culture, as a new grad, I would prefer a more competitive culture and environment, not a place where everyone is trying to be on the management track, which makes no sense to me.

"Will retire within a year and I’ve been with the company a long time. Have lots of vacation."

Same reason. Also, I still enjoy the work and the people. The pay is excellent also.

Will retire within a year and I’ve been with the company a long time. Have lots of vacation.

Pay - I would be hard pressed to do as well in this job market anywhere else.
Career - my goal is to retire in the next 5 to 7 years. It’s less appealing to start over than to have job security in an underwhelming company for a few more years. I expect Geoff will be pushed out within the next 6 months to 1 year, and it can only get better from there.

I used to be excited to come to work everyday, but now I realize I’m the only one who cares about the mission anymore. After a long reflection and discussions with my Wife I decided to just “take the money and buy some golf clubs and a Mercedes and don’t give a rats add anymore. Tired of fighting with people who don’t care about the mission

Flirting with gorgeous successful women.

My total compensation is very good for my responsibilities. I think I might be the anomaly though. My career satisfaction is pretty low at this point but I work to live, not live to work.

Used to be making an impact. That’s pretty much tossed in the blender in the R&D current culture.

Actively looking elsewhere, as are 3 others on my team.

I’ve been asking myself this question for the past 3 years and glad I’m not alone. It’s definitely not the 2% raise and executive leadership. Flexibility and good colleagues.

@sfs+1lXM2rKF Cheap insurance for family? You have to pay a surcharge on your insurance premium if your spouse is eligible for coverage at his/her own job. Or, you skip the surcharge and pay two premiums while tracking two deductibles.

ESPP? Counting the quarter that closed Friday, the average discount purchase price over the last 15 qtrs is $87.04. Today’s closing price of $79.67 is a nearly 8.5% loss on that. Only Medtronic could turn a 15% discount into an 8.5% loss. Thanks Geoff!

Pro: it's the paycheck I am receiving now.
Pro: I could be paid worse. I have not kept up with inflation but it's still not terrible.

Con: Everything else.

I don't know, and after the run-around conversation I just had with a PM in IT, I'm questioning my sanity and IQ if I stay much longer. Haha...

I have no motivation, outside of the gifted MIP coming as well as good benefits (cheap insurance for family, ESPP, etc).