If anyone is comfortable sharing.
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@2nq yes. Only those finding jobs at MDT lose a portion of their severance.
@a4 are RIFd employees still eligible for full severance payout if they find employment outside of Medtronic during the 60 day notice period?
@j8 You remain a MDT employee for 2 months. You get paid just like before, with your benefits.
for the 60 days, you get paid every two weeks. at the end of that, you'll get a lump sum payment
Is the pay a lump sum or regular bi-weekly? And do benefits end at the end of May or through the 60 days?
@d4 Seeking data on the Medtronic layoffs from May 2026. I'm trying to aggregate info on how many people were let go in the 4-month window leading up to their cliff. If you have any insights or were part of this cohort, let’s chat
@d4 your 401K is fully vested after three years, I’m sorry.
Does anyone know if you are with the company less than 3 years do you lose the mdt 401k contributions if you are laid off?
Post ID: @fb+1kqg7wdfc
Post text: Why are workers the ones get punished? Sure senior leaders will probably get RIF but they have really nice severance packages.Post ID: @a9+1kqx2bcc9
Post text: Is years of service to weeks of severance prorated (for summer hires)?Post ID: @de+1kqtxgaqn
Post text: Has anyone heard what the layoff severance package is this year?@a1 3 months subsidized health insurance, otherwise correct
Is years of service to weeks of severance prorated (for summer hires)?
@OP because the RIF is in MAY, 60 days paid, full MIP, 2 weeks for every year of service, next years MIP that equals the 60 days of the last fiscal year.
Like $20 million if you’re the CEO who caused all this chaos
Directors get 4 weeks per x years
2 weeks x years, 2 months garden leave, 100% bonus and paid pto earned, plus 2 months benefits, what my friends impacted told me.
Pretty good