I was hoping to use the MIP to pay down a hospital bill and put some money in my kids’ college funds. Instead I’ll just keep grinding away for the scraps this company provides. I used to feel valued at Medtronic. It’s been years since that has been... — read more
What a tour de force from Geoff and excom today. Geoff’s usual business lingo word salad heavily seasoned with “uh” and “um”, the beaten-to-death reminders of all the external factors negatively impacting performance, the assurances that this time... — read more
When is renal denervation going to pay off?
After paying $800M for Ardian and spending way more in US clinical trials, when will this procedure be FDA approved? Is it making any money OUS. Since it appears no more effective than or-l generic dr-gs (last US pivotal) will insurance companies... — read more
Repost: Global IT has shrunk even more & IT is a mess
Post ID: @OP+1mfhwukY - Global IT has shrunk even more (since RIFs Post ID: @OP+1mwslRdq - IT is a mess All the Best In The World to new CIO Ms Kumar; you’ve some serious legacy of Mr Sean Lenon to beat & impress. I think you should do entire IT... — read more
I would be happy to leave this
I would like nothing more than to get out of here, but I can't get anything better. What are your experiences on the job market right now?
"innovation" ---- done
Martha keeps hiring B-team grifter execs. Everytime a long-time Medtronic successful leader exits, he finds some bizarre non-related-industry to jump in and mess things up. But, yeah, Ford Autonomous cars and Amazon consumer robots have been... — read more
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?
Curious to know peoples opinion on how DRM is rolled out for Medtronic? I'm a fairly new employee with loads of dfss, dmaic, reliability experience from other companies but it seems like as much as we like to promote DRM, we don't have time to... — read more
IT getting outsourced more or not?
Its now been over a month since they gave the announcement that they were reviewing further outsourcing for IT. Work is already hard enough to get done because no vendors take responsibility, what if they do outsource the rest? You would have 5... — read more
Which Building Will We Sell Next?
Our roadmap to turning this company around! https://www.loopnet.com/Listing/800-NE-53rd-Ave-Columbia-Heights-MN/27279961/
Is Geoff getting another 28% raise in July after this performance?
Great job Geoff and eXcOm in sandbagging the stock and the expectations, when all our competitors have guidance beyond expectations for the year. Will the board finally wake up now??
Listening to the investor call and it's infuriating
All the analysts keep blowing Geoff off with congratulations on Q4. Then come the question about low EPS and growth projections and Geoff keeps punting to Karen and Que to give their prepared answers. None of the analysts are asking any challenging... — read more
If you are thinking about joining MDT, please read first
I have been thinking about writing this post for a while but hoped that by now some things would have changed for the better, but they have not. I have been in the industry for years, my entire career actually which spans over 2 decades. I have... — read more
This is the bitter truth
From continuity planning, I am reading layoffs will be quarterly/semi-annually but as a cover to remove individuals who either costs above the median of their pay band or individuals who have received a developing on their review. PIPS will be... — read more
No MIP this year...
We were announced during an AEM that we would not receive any MIP this year...
Research companies you are joining
I left Medtronic six months ago for what I thought was a better opportunity. They had just finished a round of layoffs, so I thought, great, even that's out of the way, I shouldn't worry about that for a good while. Wrong. It turns out my new company... — read more
Time to Leave
I started applying for jobs with the title and compensation I’ve regularly discussed with my manager and let me tell you that you are severely underpaid. I just accepted a job offer with a 15% raise for a similar position and here’s your reminder... — read more
sorry for all the folks who were laid off, but here's your replacement announcement
"Exciting News! Medtronic is investing an additional approximately INR 3000 cr (more than$350M) to expand the Medtronic Engineering & Innovation Center (MEIC) in Hyderabad, India. This move demonstrates Medtronic's commitment to India and Govt. of... — read more
We had it good so good for such a long time. Bonuses, stock options, raises, great slogans, you could not beat a job at Medtronic. Well good times always end somehow; either bad and greedy management or poor response to market (lack of products... — read more
There have been no rumors about layoffs and that's making me nervous. I guess Medtronic leadership broke me, since now I see no news as an intro to bad news. Am I stressing over nothing? What are the chances of another round of cuts within the next... — read more
I’ve been in my current role for two plus years and genuinely wanted to know where I fell on the pay band. My manager sent me the information and I am only being paid 6% more than a person with absolutely no experience and not considered “proficient”... — read more
Is Geoff an Abbott plant?
Seriously...is this d-mb mother fu---r intentionally destroying our company? These decisions he is making are fu----g insane...WHO THE FU-K IS TELLING HIM HIS IDEAS ARE GOOD? This frat fu-k has to be a plant to demolish this company from within. — read more
Medtronic considering acquisition of Shockwave Medical
https://www.massdevice.com/medtronic-johnson-medtech-shockwave-acquisition-report/ After overpaying for the disasters acquisitions of Intersect and Covidien, Geoff preparing for yet another failure in his cap by overpaying to buy shockwave medical... — read more
Me (Geoff) again… it’s performance review time….
Tell me all the great things I’ve done! I know it’s challenging but can you think of any thing I can do better?
People still have hope
I too would like to have hope that this place will be fixed, but maybe that's a bit too much to expect? Some are still hoping for improvements, but unfortunately, it is unlikely that anything will change except for the worse.
Anyone negotiate their severance package before and if so, any tips/advice about where to push and where not to?
Layoffs are management’s failure
These layoffs are evidence of leadership’s failure to fulfill the Mission, failure to serve customers and patients, failure to uphold their responsibilities to employees, failure to uphold their commitments to shareholders and the Street, failure to... — read more
Do you need to work full shift if laid off?
My coworker got RIF a few weeks ago and he ended up working the full day so he can give his manager a status update on his tasks. Do you need to work the full day if you got laid off?
Looking to leave
I have to ask, is there anybody at Medtronic who is not currently looking to leave? The last layoffs round seems to have been the last straw for so many people that it feels like there is a huge exodus in the making right now. Everybody I talk to is... — read more
Someone mentioned here that they've sent redeployment emails to those impacted asking them to consider open roles. Is that really true? And what kind of reaction do they expect? I can't imagine anything other than negative.
Any MiniMed layoff
Any MiniMed layoff ? Count or people & departments??
Hey everyone it’s me Geoff Martha
I know many of you are frustrated with my complete lack of leadership and transparency coupled with my 28% raise last year and implementing RTO. I just want to let you know that I’m aware of your frustration. I know you are hurting. I know you want... — read more
WFH is not the issue
WFH actually affords a company to obtain more productivity and cost savings on physical spaces. If anything the lines between home and work gets blurred and I work over 8 hours/day. How many of us can say the same thing? I believe the majority. I... — read more
Where is GM in the midst of all the chaos? No communication from top leadership!
This is a textbook example of how a leader should NOT BE! Just a vague email message prior to RIFs, and now when there is chaos with all the re-orgs and talent resigning in large numbers, there is no communication from ExCom.
IT is a mess
Don't talk about Global IT. They removed hundreds of people without knowing what they were doing. Now to move something to production, I almost need a DNA test and the approval of the President! No accountability of those who approve either. The... — read more
The management situation is an absolute mess
After going through brutal layoffs and witnessing a steady loss of top-notch talent, what we're left with is nothing short of a catastrophe. Let's face it, the current management situation is an absolute mess. It wouldn't be an exaggeration to say... — read more
Any good stories?
About teams that canned people without knowing what they actually do, and now they are pointing fingers at each other?
I noticed that the majority of the people I saw that took the early retirement option were women. I only saw a sr male leader accepting the offer…
RTO is a clear loss in productivity
I work at least 2-3 more hours every day when working from home ~ 6 am - 5 pm. When going into the office I have to spend more time getting ready and drive almost an hour 1 way, starting work around 7:50. Plus when in the office going to the... — read more