Thread regarding Medtronic Inc. layoffs

Medtronic smashes earnings and raised , layoffs postponed?

The decline in stock price was due to broader market and GLP-1 anyway. Looking like layoffs will be very limited early next year now that Medtronic smashes expectation with 5% growth and raising guidance? Covidien and Diabetes carrying the back of legacy medtronic as usual.

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| 2381 views | | 10 replies (last November 22, 2023) | Reply
Post ID: @OP+1pHnDoSO

10 replies (most recent on top)

Great, so when do I get a cost of living raise?

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Post ID: @1qmp+1pHnDoSO

@xew+1pHnDoSO

It's because the street has so little faith in our numbers. Also, 5% growth when competitors are showing high single, low double digits is us losing share. Market expected even worse for us and this is just a minor relief rally before the dead cat starts falling again.

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Post ID: @1skq+1pHnDoSO
  1. 85 $ great start to a decent MIP this July
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Post ID: @ear+1pHnDoSO

There is something fishy going on here, likely a lot of number fudging. I know my business missed AOP by 7 digits in Q2 and yet in the earnings deck it shows us beating by HSD which I know is not true. Something is not right with these numbers.

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Post ID: @xew+1pHnDoSO

What happened this quarter? Did the supply chain challenges, currency fluctuations, COVID and wars, all stop mattering temporarily? I thought that was the running theme from Geoff for the last 4 quarters and through the layoffs?

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Post ID: @duh+1pHnDoSO

“Smashes” is a laughable exaggeration

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Post ID: @ksp+1pHnDoSO

You and I have vastly different interpretations of "smashes". With all those macro headwinds we told everyone about.... I think we should have done better honestly.

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Post ID: @ydq+1pHnDoSO

No, more profits need to be made because.....shareholders

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Post ID: @lhr+1pHnDoSO

Nope this is a dead cat bounce.

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Post ID: @zxo+1pHnDoSO

But I bet we’ll still get 2% raises for this fiscal year.

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Post ID: @mjo+1pHnDoSO

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