I’m getting so little done lol
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Definitely the week of May 4th is when there will be a new CEO announcement. Hopefully new ExCom and elimination of numerous VP positions. Time to drain the Ken Washington and Greg Smith swamp.
How confident are we on the first week of May for RIFs?
Bingo. Medtronic wants to keep their image as a good place to work.
@aj Layoffs happen all year every year, you clown. Not all of them are 1000 people. Sometimes it's just 2-3 at a time.
@ea ... what I'm praying for to be let go and come back in 60 days after the dust settles as a contractor. I was told week of 5/4 but IDK any more
Elliot’s $5-7 Billion investment is in the red with two board seats. They could have made ~40% 1 year return by investing in $SPY. This make absolutely no financial sense unless they are unloading massive debt.
Can you get first dibs on job openings at other companies that involve hostile takeovers by Elliott such as PepsiCo. Heck, Brett Wall used to work at Coke!
@aj you must be newer to the company. It will be first week in May because there wasn't a WARN letter (that I could in MN). I was laid off a few years back the first week of May. You get 60 days before severance to avoid notifying the state.
They will call you back as a contractor if they still need you. This is how it works.
Ken Washington will be returning to Medtronic.
Don't forget "AI this" "AI that" "AI is our savior" AI AI AI AI AI AI
@df Better known as reshuffling the chairs on the Titanic as it goes under.
Key BINGO words/phrases to look for over the next 2 weeks: leverage, unlock potential, workforce optimization, reshape, strategic realignment, aligning our workforce, support our strategy, rethinking the future.....and response to HEADWINDS
Enough rumors that I believe in May.
My gut is that the difference from the last round is going to org restructure, in addition to lower headcount. Will have to wait and see. Curious how robotics makes it through this.
@d5 patience. first week of May. You may be one of the chosen.
@aj You are correct. It’s all conjecture.
@bd They pay out your MIP. In fact, the package (garden) is 2 months pay while you try to find another job at MDT.
We have to make it to May 1st to get our MIP! Hang in there!
@aj first week of May
So many posts about layoffs and still no layoffs. I’m starting to think that these anonymous sources don’t actually have any inside information!
Nah, my campus is so busy during" year end close", I wish I even had time to let AI write my performance review