MDT is basically run out of India these days. It's only a matter of time before everything except sales ends up there. Anyone considered transferring and working for pennies?
I’m completely checked out
I’m doing the work of two people. Commuting in to an office to sit on zoom all day is expensive and depressing. We do more and more hard work while org leaders reap all the benefits. Nothing trickles down. I’ll just hang out doing the minimum... — read more
Aug layoffs
Are the rumored Aug layoffs still a thing? Any word on Elliot management?
ICT CRMS All Employee Meeting
No agenda No meeting details Only a direct meeting on teams Thursday this week Meeting duration 55mins Is this a lay off discussion or a business update ? Does anyone know ?
NV is super toxic
Anyone else getting tired of the circus in NV? Every day there’s a new priority, a new direction, a new “this is the most important thing we need to focus on.” What was said one day will conveniently forgotten next day as if it happened by next day…... — read more
The delusions continue . . .
Q&A at Global Town Hall, Geoffisms We’re closing sites where people don’t want to live or travel to. We don’t have a retention issue. He needs to make a career change to doing comedy.
Will PVH be sold?
All Cardiovascular OUs except PVH have been consolidated with others... Is MDT gearing up to sell the PVH business?
One thing I know for sure - this place is done
They can replace every single person in leadership, but there's no way anyone competent or with an actual vision is ever walking through that door. The culture is too far gone. There's no coming back from this.
Change to lakeside chats? The constant headwinds my blow out the fire?
Here are some new words for our friends at Corporate CommsGPT: Macroeconomic atmospheric turbulence Strategic velocity dampening Opportunity realization drag coefficients Enterprise momentum asymmetry Dynamic value-capture friction Market... — read more
Geoff got all choked up…
Thought he was gonna cry saying goodbye to his buddy Brett on the earnings call. Clearly he didn’t want to fire him and EM forced his hand. Neuroscience performance was awful (again)… when was the last time they hit plan??? Getting rid of Brett was... — read more
Is Geoff stepping down tomorrow morning?
Smells like something is on the stove.
Now or Never
Stock at 73 and continues down while market continues upward. Five years ago MDT was at 136. If Martha isn’t dismissed as part of the year end earnings announcement, it will continue downward. Really sad to watch the once icon of the medical... — read more
Global reminder GM will speak on Thursday morning
Get those coffee mugs ready. And please be onsite to enjoy the viewing parties in person. Thank you for your attention to this critical matter. HR.
After six months, I finally have an offer
Almost gave up. Fingers crossed, everyone, please. I'm so demoralized here that getting out is about saving my sanity now. Hard to believe I was once excited to work here.
Hot off the press
CAS + CRM = Electrophysiology therapies (EPT) Rebecca Seidel to lead.
Summer hours
Anyone still doing summer hours? Unofficially, of course. Send that last email about 12:17 and then get a head start on the weekend? Of course I would NEVER do that!
Stock is down more than 9% from this time 10 years ago
Do we think changes will be announced at earnings call next week?
people leaving?
Surprising number of individuals leaving recently from all different titles/backgrounds. Bad leadership seems to be the common denominator and not listening to what employees want.
Test test for contractor
I was just offered an unexpected contract position and have to take a dr-g test. I’m freaking out because I ate some THC gummies over the weekend. Does anyone know if THC is included in the test and how HR handles the results???
Our team only backfills in Colombia
It’s all US managers with increasingly international teams. We have no “bench” if anyone in the US leaves, which is vital since those of us in the US are doing more complex work and in other countries it’s more backoffice tasks. Theres no longterm... — read more
There have been an alarming number of senior leaders leaving
Getting out since their stock options aren't worth sh-t, I guess? I'm sure they will be replaced by external hires with no industry experience who live nowhere near a Medtronic facility! You'd think the board would wake up to what a problem Geoff... — read more
The reputation has spread too far
I have heard from several people in the industry that Medtronic has become a known quantity. Candidates are turning down offers and recruiters are struggling to fill roles because everyone knows what it is like to work here.
The board is so weak, so, so, so weak.
And hence all the problems. This ain't going to be fixed unless that' fixed.
More of the Same Old
https://www.medtechdive.com/news/medtronic-to-create-european-software-hub-in-ireland/820999/ Now we’re back to the usual agenda of outsourcing whenever possible! “The Patient Care Systems hub will develop cloud-based platforms and clinical... — read more
The family and friends network
That's what Medtronic should be renamed, because that's how everything works here. You either know somebody higher up or you're related to them and you can soar. The rest of us are sc--wed, though.
What’s going on with OI
Is ops innovation working? Another leftover appendage from Greg Smith
I used to care about making a difference
After years of being expected to do more and more with less and less, now I just show up for the money. I stopped caring a while ago. How can a place change so much so quickly? Or am I wearing rose-tinted glasses when it comes to Medtronic of five to... — read more
Who called it? Brett Wall leaving.
I recall someone said it… too bad there’s no way to operate a pool!
401k match
I sort of forgot we only get a 3% match and then the cr-ppy additional match based on business results. Most other competitors do better than but we have a 'great comp package.' We struggle to get great talent in the door anymore because even our... — read more
How do managers with no clue keep getting hired?
Mine is the ultimate micromanager, always hovering, always clueless. They prove every day they don't understand our work. But promote someone from the team? Heaven forbid.
Executive Contribution: Medtronic stock is down 44% over five years versus S&P 500 up 67%;
That tells you a lot about the 'executive' ability of the lineup that steers this ship.
Functionalization of Medtronic contributed to our demise
Long ago MDT was all about patients and customers and everyone lined up to support that. Then they started to get functional leaders who thought their functions were more important than the mission. HR used to be a support function with a... — read more
Severance eligibility for recent hires
I started here not too long ago, and with all the talk about more layoffs, I'm trying to figure out what my situation would be if my name came up. Does anyone know whether people who've been here less than a year typically qualify for severance, or... — read more
Redeployment outreach
did anyone meet with HR for the talent redeployment to discuss career goals and apply for internal opportunities? What was your experience?
What’s the global town hall gonna look like?
Very odd it’s not in May, think they’re cooking the books with the layoffs to make the numbers look good? New CEO announcement? New RTO policy?
Anyone reach out to local media?
Layoffs like this should get local attention. They’re 100% offshoring all of these jobs, taking away from local communities (looking at you CRM, GOSC)
No major restructuring announced?
So we will keep the same OLM/ RLM model or some large scale org change is coming soon? Any insights?
Surgical Robotics RIF?
Someone mentioned layoffs in Boston, but there has been no all clear from leadership. Does this mean more Surgical Robotics layoffs are coming in the next few days or weeks?
How Much Longer?
In the last 5 years, MDT stock is down 44% while the SP500 is up 67%. How much longer for CEO and Chairman Martha? Obviously his DEI strategy hasn’t paid off and neither has anything else. How much longer board?