What do we know? I’ve been told it’ll be big and we may know more as early as tomorrow
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@39c That sounds like a layoff meeting, unfortunately. I am so sorry. If it were a meeting where many team members were invited, then it might be an "all clear" meeting to announce that layoffs are over. But if it is just you invited, things don't look good.
I also got "Business Update" but is a Teams meeting. Am I safe for this round?
@391 my 20-25 figure comes from portions of software under RST, primarily in the Boston office. Includes IC and managers. It’s not all of SW yet though from what I understand
Which functions have been notified so far?
I know of about 20-25 people (by NO means is that everyone affected) who have received “business update” emails which emphasize attending in person
Just received the “Business Update” meeting invite from our VP. I work in surgical quality.
Has anyone received a "business update" meeting invite yet? Or was the note about layoffs tomorrow just a rumor?
@2yp $700M has got to come from somewhere.
@2y4 is it a for sure known that these layoffs are happening? I'm still hoping for one and would welcome that in the next few weeks.
@2y4 The secrecy has a place, though. If I am going to be laid off, I sure would rather them tell me directly than to find out through the rumor mill.
The silence coming out of MDT and Surgical is telling, they are not even getting in front of this mess. Just a simple "those affected will be notified in the coming week or so" Welcome to corporate America.
Best of luck Folks.
@2mz ... Most Managers should have signed the NDC, but then again why bother now if the end is in the near future. A smarter people manager may hint at a more safe job future without breaking the NDC with a (wink wink) IMO
Best of luck and happy landings to any co-worker impacted.
@2ht Some managers may have been notified, others have not. And some who are in the know seem to think it may be a couple more weeks. It is coming, though.
Indeed, that was very fast. It suggests that there was not much to think about. Cherry-pick a few for other roles and let the rest on the affected projects go.
It has been nice knowing you. Here we go.
Now that Wednesday is confirmed. Honesty I have never seen Surgical close the RIF deal this fast. MDT is definably pulling the strings on this downsizing. IMO
@2dp Definitely Wednesday. Managers have been notified. Boston and North Haven most impacted
@27m Who cares. How about run the company better, build a better culture, and treat people well?
@2dn I think first wave gonna come next week. Wednesday is what I keep hearing
Does anyone know if the timing for layoffs is still on track? About a week ago they said 3-4 weeks. I am trying to time the job search so that if I get an offer, it will come shortly after getting laid off. Aiming for severance plus a new job quickly.
Does anyone know what this means for the next gen Hugo project? I left NoHa Medtronic in early last December and back then they were ramping up with development amongst moving all the legacy testing for Hugo to MEIC. I wasn't there for long but the entire thing felt like utter chaos at least in my team/department (that might of been due to our management though). Is leadership still pushing for the for Hugo V2's development?
@27m
I would recommend viewing this site on a personnel device, not a MDT device. Just saying.
@27k As of this writing, this thread has 10,262 views. If each view takes an average of two minutes, that is 20,524 minutes, or 342 hours. At an average fully burdened labor rate of $275 dollars per hour, that is $94,000 dollars in lost engineering time, assuming that many of the views happen during work hours. And that is just for an obscure internet thread.
I am looking forward to getting past this uncertainty, whether with Medtronic or somewhere else.
I wonder what the productivity is in R&D right now. Maybe 10% for those on the projects being cut?
I guess I am thankful for a little heads-up that layoffs are coming. It gives a little more time before the garden leave to start applying elsewhere.
Politics and societal perception aside, MDT is taking a gamble on Cornerstone Robotics. The clinical footprint is so very small with around 160 cases. Too bad they're kicking all of their experienced engineers to the curb during this crucial time.
@25b robotics leadership is leaving quietly and getting promotions elsewhere. Every other day there’s a new Linkedin post of leaders “ moving on from their 15+ year career” what is going on
@25b don’t bother trying to explain - they will make another excuse. The reason Chinese products aren’t in US YET isn’t due to “quality” - It’s security & politics.
@259 agree, but to clarify, no one in R&D has been deemed "critical"
@254 you do realize China is the largest manufacturer of cars in the world right as well as the 5th largest medical device manufacturer (and growing).
The outlook is grim, both for US positions and those in Munich. Munich will take longer due to labor laws, but if you are not in a role that has already been deemed as critical, it is time to develop you job search strategy.
Positions that survive this first wave are still on shaky ground. The trend is toward fewer positions, not growth.
@21g There's a reason why our cars and medical devices don't come from China...and the FCC banned robots from China
@246 it doesn't and won't for a long time.
@nr Many people don't think Hugo makes a profit
@216 help me understand your logic. Hugo should be competitive with intuitive with a fraction of the R&D spend? If you want to compete you need to invest.
Adding my 2 cents the org made a huge mistake pushing the core team model into RST. The core team model works when you have 1 stand alone product. Trying to run 6 projects on the same product using 6 different teams with every incentive to not work together didn’t work.
Not to mention it took months to make any decisions because we couldn’t just go to a meeting and work it out. Everyone had to have a pre meeting before the pre meeting to discuss the agenda of the pre pre meeting.
Finally hugo lacked strong leadership. No one wanted to make the tough decisions so we worked in silos with no clear directions.
This slowed Hugo down considerably.
@21g ... 20yrs ago Covidien was known for using the cheapest suppliers and had no problem finding a Vendor to produce it products to make a profit. Not surprised the Robot is going over seas and Ireland.
@1qt they are likely referring to the US..largest market for robotics..
@1yq why does China = poor quality to you? Those days are over. They are far more advanced with their robot than us. Surgical believes in choice and meeting market needs across developed and emerging markets. Let it go.
its crazy to compare the R&D spend of Intuitive to Hugo - one build the industy and one is a money pit to create an also-ran with underplan share and growth.
This buisness is so much more complicated than Marinaro is capable of understanding.
People keep talking about Hugo like some money pit, but R&D spend was less than Intuitive. Now, spending will be even less with hundreds of American jobs being sent to China to build a new robot and the India center will maintain the current robot. Expect the quality to match what you pay. Just my opinion
@1q6 Do you mean from project start to launch? Please spell out that math or you definition of development cycle, because for me the math ain't mathing. Project started in 2014, 1st clinical procedure was 2021. I'm not sure what you're counting as a development cycle.
I've always been curious if the HUGO ever returned a profit on investment. Surgical in general was always a cash cow but this thing was always hidden in a "secret Silo" only a select few were allowed to enter and see the real truth. Guess were seeing when MDT says "enough is enough" and walks away from a money pit.