Thread regarding Medtronic Inc. layoffs

https://www.npr.org/transcripts/614542375

That planet money episode helps explain why analysts kiss up to companies, even when earnings are not great. It doesn’t mean they actually think it went well.

I asked my manager to see if I could travel to a conference for learning, specifically focusing on a patent that was decided to file by the company.
Well, the answer is no. I hope GM can support that easy 1000$ traveling to help thrive MDT innovation.
On the other hand, the project I am working on suddenly gets tons of people on board, inputting tons of non-realistic and out-of-scope ideas, wasting everyone's time, and pretending to be contributing.
nvm, I think it would be great to jump off to another ship now.

The entirety of ExCom needs to be fired. Every earnings call, they spend the time congratulating themselves while the stock drops 4-5%.

If i was Still at medtronic this would be beyond demoralizing. After this terrible year, all the crazy expense controls and austerity and re orgs claiming to set us up for success to have the street hear Geoff and crew and immediately vote with their feet out of the stock makes you think “why bother?” We don’t have the right leaders obviously and their recipe
To keep cutting and lowering forecasts isn’t Working. Thank you VERP.

I don't want to live in a world where Geoff doesn't get a 28% raise.

Is Geoff getting another 28% raise this year after this disaster results and guidance?

Geoff is just worrying about the people of Wall Street not the patients we are supposing to help. Medtronic is doom.

The analysts might sound polite to you but the fact is our credibility is at an all time low . They are rolling their eyes. They are not going to believe what this team says for 1q out let alone the year. Already they are suggesting he’s sandbagging and the stock has been punished accordingly.

Setting more realistic expectations might be a good thing for us. Better than over promise and under deliver strategy that crushed our MIP for the past 3 years.

Geoff still sucks though. Maybe the BOD will make a move now.

Congratulations on crashing the stock price again by focusing on profits instead of patients. Way to go, Geoff!

Geoff "Jeff immelt" Martha

As an employee, it's cost cutting everywhere and gridlocks on decisions. On wall street, it's forward guidance estimates below consensus. Who is winning in this situation?