How do we feel about Jim Peichel as the new CTO? Seems like initial reaction is generally positive, but I don’t personally know anything about him.

Everyone has a lot to say on here, this is your opportunity to try to force GM to address it. Yes they convert every question to a softball version but if enough people are asking the same questions they’ll have to at least speak to it. Submit... — read more 

This is a hold on transactions. It could mean what they say or it might relate to the Diabetes spinoff. https://workplaceservices.fidelity.com/bin-public/070_NB_SPS_Pages/documents/dcl/shared/StockPlanServices/SPS_MDT_SOP_RESTRICTION_NOTICE.pdf

Meeting Invites being sent out today. From what im hearing there is going to be a trimming of the fat. RIF's for Christmas!

That's all what a load of BS

What happens when these two collide?

Medtronic (MDT) stock jumped early Tuesday after the medical products maker reported adjusted earnings of $1.36 per share on $8.96 billion in third-quarter sales. On average, analysts called for $1.31 earnings per share and $8.87 billion in sales.

I was laid off on October 28th from the Lafayette facility (ACM). Was anybody else laid off from that facility on that date?

Be careful out there folks they’re tracking everyone’s KPI for RTO tracker and that data will be used as an input for the upcoming layoffs by VPs and HR

The best people leave first. Not that Medtronic seems to care about keeping skilled and experienced employees.

https://www.bbc.com/news/articles/cqjwg197855o

Will Elliott’s underperformance pressure lead to more aggressive activism at Medtronic? Given that Elliott is lagging the S&P 500 and facing investor scrutiny about its fees and returns, might they push harder for faster, more dramatic changes at... — read more 

It's really telling to see an industry article on Medtronic and what do they chose to highlight? Micra! They have to go back 10 years to find a great success story - and all the leaders who said YES to micra before the project even had a name, or... — read more 

I am a biomedical engineer with multiple master's degrees and 25+ years of experience in the field. I even studied FDA regulations at a law school. I have written thousands of engineering documents for FDA compliance many times at different medical... — read more 

RIF's to be announced for Galway and Athlone sites!

Confirmed, Irvine just laid off 30+ workers in 1st and 2nd shift. Will be seeing more in the coming months when volumes get reduce. Management did not annouce ahead. Too bad for the people. Ofc management did not care.

Will there be an official announcement or celebration extravaganza at Medtronic campuses?

OK, let's vent here.

Medtronic took outside investment for structural heart R&D, and now structural heart is of hundreds of millions of dollars in the hole, with every product delayed, mired in incompetent leadership From Nina down to directors. Nina, who works remote... — read more 

I like my coworkers and my work, but I live in constant suspense. Every quarter I’m wondering if I’ll be next. The job market isn’t helping, so I feel like I should start looking now before this company pulls the rug out from under me. It’s stressful... — read more 

Just heard this morning; strong possibility the North Haven campus will relocate and close down. CT costs continue to be too high for MDT corporate. No timeline

We can easily save money by freezing hiring, freezing travel, and penny pinching spending. Oh wait... But we did that already. But why are projects delayed???!! I'm the VP of inflated egos and I don't understand! I hired two 3rd world... — read more 

All managers of sites concerned have been told to make a list. Voluntary RIF Notifications to go around the end of November to early December with terminations taking place by mid to end of January. like before people will be given the option to... — read more 

So really, the best option we had for a CFO was someone from Renault-Nissan's Excom during the time of a massive financial corporate fraud committed by Carlos Ghosn, and involved in a $12B loss to Renault from their essentially failed joint venture... — read more 

Why is every leader managing a team they have no experience in? Lots of fail-up leaders, PH being led by a president with a BA in Journalism, KW, the list goes on. Feels like we’re all on a sinking ship.

It appears that top leadership has been making frequent visits to this site. While their presence may be intended to demonstrate oversight or support, it has raised concerns among employees about the underlying agenda. Many perceive this level of... — read more 

Anyone received the Business Update meeting invite? Good luck everyone.

Looks like KW and GS are done for Lot of changes will be coming now. Good luck to all

What's going on with stock price?

Just a generic rant thread for Project Octane - feel free to unload here. There isn’t much hope remaining Thierry’s launched it and we need to get ready to be nickled and dimed and denied anything we ask for.

What do you think about the new PTO policy. 80 hours of protected PTO for sick time, the remainder for personal time off. The total PTO remains the same. Effectively reducing personal time off to as little as zero or 40 hours (5 days) for newer... — read more 

Whole evening shift "permanent" employees got laid off guys and I was one of them. oh well... atleast I got my severance package. Life must go on.

https://www.calcalistech.com/ctechnews/article/s1g3z02cgg See for yourself, more than 25% were let go

There will be announced mass layoffs and consolidation plans within a week from now. Underperforming BUs will be restructured or sold and 1000’s will be laid off across the enterprise. This is first roll out of changes due to Elliott... — read more 

What is your best guess on when Geoff and his BOD get bounced? Rumors are flying (again)

Informed that Minimed MDT will only be keeping contributing rolls and has started to inform individuals to look at other jobs in Medtronic and Minimed or elsewhere. They have until end of year or sooner. Project managers, excessive middle managers... — read more 

Good expose on the mistakes that have led to stagnant growth and culture. Geoff comes across as dismissive and defensive, nothing is his fault. Do you think it’s true in your group that engagement scores are up since 2019? I’m not seeing it!

60-90 minutes devoted to commuting. Coworkers constantly stopping by to chat about non work related things. Leaders encouraging team lunches that last an hour. Scrambling to find private space for sensitive calls. I’m hitting my time but getting... — read more 

No one communicates, no one coordinates, and you end up doing the same work multiple times without even realizing it. It’s chaos, and nobody seems to notice. This would be bad enough if we had enough people to be able to waste time, but we don't... — read more 

Large scale RIF's coming this month! There is a memo currently doing the rounds with management, looking for additional departmental cuts. They initally are looking to trim the fat. Like before Attendance, time keeping, performance, etc. Elliott... — read more