https://www.icij.org/investigations/implant-files/whistleblower-accuses-medical-tech-giant-medtronic-of-putting-profit-before-patients/
VERP in 2024?
Any news?
Unionization
How do we start a union so we can kick out these failed GE leaders and bring in better leadership? Anyone with me?
Insomnia
Anyone else can't sleep because they're worried of being laid off every day? Ex-GE execs don't seem to care at all about the impact to mental health they are having as a result of their relentless pursuit of profits. Do the right thing and replace... — read more
Medtronic CVS Caremark and Medicare Plan D
Does anyone know if Medtronic CVS Caremark is a creditable coverage for Medicare plan D (prescription dr-gs)? I am having difficulties getting any information from either Medtronic or CVS Caremark and I do not recall receiving any notice about... — read more
Quarter End Predictions
My prediction is that our string of good luck runs out and we miss by a little bit. What do you think?
FY25 Prelim Targets
Anyone else get prelim targets yet? My response was somewhere between are you kidding me, and I can't believe I still work here.
Axonics and BS
Any thoughts on Boston’s acquisition of Axonics. Help, hurt, or no impact to mdt?
Approvals
With the latest approvals does anyone see the “squeeze” over the last two years will loosen up? I figure if releasing new products doesn’t do it nothing will. GLTA
Medtronic cuts suppliers and manufacturing sites, CEO says in supply chain and operations update
Medtronic is closing at least five manufacturing sites, consolidating distribution centers and stopped doing business with approximately 200 suppliers as part of a push to improve its operations and supply chain. That’s according to a presentation by... — read more
We need to work very hard to improve margins and avoid layoffs
Many big comanpies have already stopped hiring and have freezes. There are multiple layoffs at companies like NuVasive and Nike just this week. We all should consider ourselves fortunate to have a stable job and insurance right now. And it falls... — read more
Medtronic Layoffs 2024
Do you think there will be Medtronic layoffs? Any chatter, news or rumors?
Change Analysts are Next
Looks like there is transition process starting to have change analysts in Mexico and Philippine. Wonder if that means change analysts positions are at stake?
Medtronic creates history with FDA approval of its novel PulseSelect™ Pulsed Field Ablation System to treat atrial fibrillation
Medtronic (MDT.N) said on Wednesday that the U.S. Food and Dr-g Administration (FDA) had approved its system for a type of condition that can cause stroke or heart failure. The system, PulseSelect Pulsed Field Ablation (PFA), is used for the... — read more
What in the he-l does this “AND” and “5/8/10” company even mean?
So was trying to watch cringe train wreck quarterly review , it is almost like a car crash where you just can’t help but notice. Anyway, looks like these two buzzwords are being thrown a lot now. What does those even mean? Haven’t we been a ... — read more
Layoffs in December 2023?
Ex claimed in October that 100 to 200 tech support employees were going to be let go in December. Supposedly his last day was this Friday, Dec 8th. He said "They let us off at noon and told us to log regular hours." He was at Sullivan Lake Campus... — read more
Any layoff rumors out there?
I haven’t heard anything since last quarters financials were released. I still get the feeling there are a couple more cents can be squeezed out and have heard rumors of project cancellations. Hoping 2024 will be better than 2023. Good luck to all. — read more
If you hate it here so much, why not apply elsewhere, interview and leave?
Genuine question : If you hate it here so much, why not vote with your feet: Apply, interview and leave to our competitors like Edwards, JNJ, Abbott or Boston? I’m sure they might be totally unaffected with what’s going on right now by high... — read more
Congratulations GM on 6% loss overnight!
Thank the board!
Medtronic’s turnaround is becoming more tangible
Medtronic's (MDT) turnaround is becoming more tangible, an analyst said Tuesday after the medtech giant beat Wall Street's forecasts, pushing MDT stock higher. The star of Medtronic's fiscal second-quarter report was its new diabetes device, MiniMed... — read more
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... — read more
Medtronic announces FDA approval of minimally invasive device to treat hypertension
Will the stock go upto $90 now so I can sell and get out of this pathetic stock?
End-of-Q3 - IT LayOffs Planning
Team any updates on end of the Q3 LayOff in IT now that major EU stuff are already done. I am primarily thinking about growth in India Hyderabad site headcount offSets by The US employees. Thanks
Experience with surest?
Is anyone who has been on surest willing to share their experience? I am highly considering it given the increased costs for the other options
Best leadership in the market
Let’s all take a moment to thank our leadership for making the lowest mangers on the latter cut their direct reports bonuses next Spring. Then the board can point to your boss as to why you didn’t get paid out. Real leaders always make sure to run... — read more
Turnover
Is anyone else surprised that turnover seems to be lower than expected this year? I have my feelers out in the market, but in general it's very clear that Medtronic is no longer the premier employer. No dental insurance cost sharing, 2% merit... — read more
Returning to record lows
Back toward the real stock value under the current leadership, thank the board!
Recor Medical becames the first company for FDA approved hypertension therapy
https://www.businesswire.com/news/home/20231107892415/en/Recor-Medical-and-Otsuka-Medical-Devices-Announce-First-FDA-Approved-Renal-Denervation-System-for-the-Treatment-of-Hypertension 14 years and $5B later, we are still waiting while an unknown... — read more
Q2 Results - What to expect?
One more quarter of disappointment with supply challenges and losing market share.
Price target $45
From an analyst article: "For now, investors can remain patient and consider entering the market when prices hover between $45-$55" Thank the board!
You love to see it
After the bloodbath earlier this year where Medtronic showed so many talented people the door, or drove many long timers to retire, its been heartwarming to see so many of those former colleauges posting on Linkedin as they land new roles - and good... — read more
IT Layoff 120 Lat Week
Saw on LinkedIn that MDT IT had a layoff last Tuesday. 120 were impacted.
$65 by end of week
Thank the board!
Stock at 8 year lows. Anyone hearing anything about another layoff round?
Stock is down in the drains. Anyone hearing anything on who will be impacted this time around? Looks like IT and GLS quality already had their rolling layoff rounds this month. What other divisions are expected next? R&D or Operations?
Does Medtronic repeat Boeing’s mistake by ignoring IT quality?
Boeing 737 had serious quality issue due to software bugs and short sighted IT outsourcing to India. Medtronic has been cutting senior IT manager and technical positions and outsourcing to India. Some of these IT knowledge takes years to built, and... — read more
This is very normal in stock market and not Medtronic related
Every medical device stock is down in the last one year. Tell me one stock that is not down. Edwards dropped like 10% just yesterday, JNJ is down 3% today. Stocks go up, stock go down that’s nothing new. Yes Medtronic is impacted more because of... — read more
Nobody wants to work here anymore
Thank the board!
Prediction: mass layoffs early 2024
Not really that hard to see the writing on the wall so it’s a stretch to even call it a prediction LOL. I will be really surprised if there isn’t going to be another round of mass layoffs some time in early 2024 during Q4. Good luck to us all. — read more
Congratulations on $69!
Nice 😉 soon 50s!