Thread regarding Medtronic Inc. layoffs

Dividend Raised but no additional 401 (k) match?

Thanks Geoff for putting freezes all year long just to gather enough money to raise dividends, while failing on every another front.

Is Geoff getting another 28% raise in July for this performance? Why is the board of directors asleep for these last three years?

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| 2021 views | | 5 replies (last June 23, 2023) | Reply
Post ID: @OP+1ndiwDkf

5 replies (most recent on top)

Medtronic stopped caring about employees years ago.
When Omar said that to find the $800 million in savings from buying covidien- we can find that in the back office. The back office is IT, Supply Chain, Finance, etc. Layoffs have happened every year since 2008. Every year for the past 15 yrs. Excom salaries have not been reduced to save jobs…

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Post ID: @3syr+1ndiwDkf

401k just match 50% up to 6% of your contributions.

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Post ID: @2wwe+1ndiwDkf

@1vao+1ndiwDkf there's no extra match this.year since we missed the eps goal

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Post ID: @1pdu+1ndiwDkf

I must have missed the memo. What was the 401k news?

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Post ID: @1vao+1ndiwDkf

It's pretty clear they don't really care about us employees, and it's not just because of this.

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Post ID: @wvb+1ndiwDkf

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