Thread regarding Medtronic Inc. layoffs

What about the townhall?

I joined the presentation later, but I saw KP’s presentation. No explanation why the Street is not reacting to our positive results?!
I was surprised they didn’t blame RTO…
And no time for Q&A, huh?! (Again!)

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| 2121 views | | 8 replies (last September 15, 2023) | Reply
Post ID: @OP+1ouNEUpL

8 replies (most recent on top)

F the stock lol

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Post ID: @8suz+1ouNEUpL

With the stock < $80 it might be time for the George Costanza strategy:

  1. Geoff, whenever you have an idea, do the opposite.
  2. Karen, build a hide a bed under your desk and take alot of naps. If you must play with numbers, break out the Penske file.
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Post ID: @3bxm+1ouNEUpL

Town hall can basically be summed up lol this:

  1. Geoff said they are doubling down on Boston and Boulder in the US and opening new facilities where people wanna live. So Everyone else working at other Medtronic sites, beware and be prepared for closures.
  1. Geoff sounded upset when he said that FDA RDN took away his thunder and positive news about earnings beat last month one day after about said we have to get stock price moving immediately, that basically means Another round of layoffs is coming in the months ahead.

CRDN folks be careful

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Post ID: @2qug+1ouNEUpL

I wasn’t able to attend the meeting. Can someone provide a brief summary?

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Post ID: @2zhl+1ouNEUpL

New CTO= Amazon playbook.

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Post ID: @1szq+1ouNEUpL

Well, the plan appears to go full GE and convert from a hardware company to a software company…like come on guys, try something original instead of just dusting off the ol’ GE playbook

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Post ID: @1vbn+1ouNEUpL

Because we are not making any money. Our profits are down by a lot compared to 2-3 years ago, all the mess that Omar and his lapd** Geoff put us in is coming to fruit now. We are not innovating the way we should, and are pouring money on DOA failed products like RDN.
Wall St can sniff through all that

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Post ID: @1khs+1ouNEUpL

Don't worry, we are 1/4 of the way to meeting our full bonus! Only took three years, and I'm still betting against it.

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Post ID: @mhw+1ouNEUpL

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