Thread regarding Medtronic Inc. layoffs

Bonus multiplier

They’re going to give us a bonus so that they don’t lose the entire workforce, they’ll just make it small so they lose a decent number of us. Anyone have word on what the bonus % will be?

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| 3041 views | | 12 replies (last June 20, 2023) | Reply
Post ID: @OP+1mTCmqHK

12 replies (most recent on top)

@5rbz+1mTCmqHK is this for real about surgical OU? I've heard numbers are starting to come out...

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Post ID: @kicr+1mTCmqHK

Here is your all boss Geoffrey Martha, Message to all, sorry No bonuses for his year.
Thanks

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Post ID: @6ndc+1mTCmqHK

Geoff didn’t sound credible at all. Sounds like he’s just buying time before dropping bad news.

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Post ID: @5fps+1mTCmqHK

Geoff said we have to wait a month before finding out. Give us a break man, last year sucked and it wasn't because of us individual contributors.

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Post ID: @5nsh+1mTCmqHK

heard no MIP this for Surgical OU. The company is bleeding and they are doing all the stupid things to push employees away like RTO. Let's see how it turns out

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Post ID: @5rbz+1mTCmqHK

Anyone else see folks that were junior and without families getting "promoted" into their "eliminated" positions?

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Post ID: @2izg+1mTCmqHK

No MIP or LTI, get over & get back to work, and make sure to pick extra tab that were left behind by your departed colleagues.

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Post ID: @2jgf+1mTCmqHK

Given the results from Free cash flow & earnings which was lowest in years plus which were at yearly lows, i wouldnt count on MIP being more than 50-60% this year

But Geoff will surely come up with a way to add more stock to his compensation package and get another 28% raise this year

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Post ID: @1ijf+1mTCmqHK

Daytona Rolex watches?

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Post ID: @1vjn+1mTCmqHK

Post ID: @OP+1mTCmqHK - bonus will be delivered 20.23% - eat that thing

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Post ID: @1jzl+1mTCmqHK

65% I'm hoping for more % is a bonus IMHO

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Post ID: @kjw+1mTCmqHK

When will employees impacted by VERP or the RIF in April, who are eligible, find out what the MIP payout is for their area?

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Post ID: @qak+1mTCmqHK

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