Thread regarding Medtronic Inc. layoffs

I left MDT and they called me to come back.

I left 3 years ago, and man, I loved it at MDT. I had a great boss, great work, and just the best work friends ever. I was happy with my salary and benefits, too. I learned a lot and became a great professional largely because of my time there. They called me to go back last week.

And so it's devastating to say I told my ex-VP I wouldn't... because Geoff Martha is still CEO and for as long as that is true, it just isn't a stable place to work. I was privy to a lot of the details of RIF work and so much of it really was because of sh---y financial results, despite them calling it "OPTIMIZATION". Eventually they were even sacking really brilliant people that consistently delivered.

Really sad and they could turn it around if the board wasn't a bunch of rent-seekers and would do the right thing and get rid of GM.


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| 1 view | | 4 replies (last March 14) | Reply
Post ID: @OP+1kkn1d156

4 replies (most recent on top)

OP is absolutely right. GM's a catastrophe. Every single strategic decision he has ever made is a disaster -- buy Covidien and invert, go to 20 OU model, bring in Walmart clown to ru(i)n Ops, bring in even more non-device "leaders" who stay less than a minute, fire the leader of your only portfolio driving growth (CV), and spinoff Diabetes in a deal that will only drag MDT stock down further. Is the Board even paying attention? Did Elliott Management choose now to become blind and incompetent? The first step to increasing shareholder value and turning the company around is to fire Geoff. Do it -- the market and 99% of the people who work in this company will hail you as heroes!

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Post ID: @de+1kkn1d156

You worked in Janitorial Services cleaning toilets. Let us handle the important paperwork. Now get back scrubbing.

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Post ID: @d3+1kkn1d156

Bob White we miss you

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Post ID: @cc+1kkn1d156

The dream job for every RIF'd exEmployee, coming back as a contractor. WHen you can make the real money at MDT.

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Post ID: @bn+1kkn1d156

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