I noticed there is a massive layoff for MiniMed employees. So many talented people dropped. At the same time - a bunch of their jobs have been advertised.
It doesn't make sense. Surely keeping them on is the smarter choice. You have to train new people on the MDI and pump system.
I see that MiniMed will open a new facility in MSP, early 2027. Employees will be required in office 5 days per week.
Not sure where the MN employees work now? Anyone know?
Wishing MMED colleagues all the best. Exciting times ahead as an independent company. $MMED to $50/share by 2028.
WOW now Mini Med is its own company, seems it can do what it wants with its staff including letting some of them go. Sorry to all impacted.
This is done due to some part of the agreement. Day 1 should come with all of the people and their costs, rather than provisions for HC. It should come with the absolute operational ability to continue BAU, not a bunch of HC that needs to be fired.
I guarantee you that some of the positions were flat-out eliminated and not replaced, as well.
This is complying with the terms of the deal and SEC requirements, nothing more.