Geoff Martha is firmly establishing Medtronic as the undisputed global loser in healthcare technology. As chairman & CEO, Geoff leads the $30 billion and reducing company and its 90,000 (minus those who were RIF'd) employees in pursuit of fulfilling... — read more 

People in Communications and HR do read these sites as a matter of routine, in case you wondered. It's someone's actual job to read this site and the other one like it. Yes, sometimes there are emails going around about these comments. No, they don't... — read more 

Holy cr-p these benefits su-k! Seems like the surest way to sc--w people who used to be in a bind. Or have teeth.

From https://www.sec.gov/ix?doc=/Archives/edgar/data/1613103/000161310323000132/mdt-20231019.htm Geoffrey S. Martha For: 977,213,742 Against: 55,960,304 Denise M. O’Leary, and Kendall J. Powell had more votes against. I was having trouble... — read more 

We have missed the savings targets and ROE targets. More RIFs incoming January. The beatings will continue until morale improves. Send us your dead!

Devices is f*cked. The population is getting better informed, more in tune with this health, want to play a more active role their care and are more vocal about their needs and wants. All this combined gives you a more medical management dependent... — read more 

Some people in IT have received meeting invites for tomorrow. Does anyone know how many are getting laid off this time ?

The Tiger King is back baby 👑

Only a few more days until the annual shareholder meeting October 19. This is the decisive moment to determine if the Titanic will either continue to sink or survive. Hopefully institutional investors make the right decision for employees and... — read more 

Thank the board!

Thank the board!

Don't know if anyone caught this, but this was announced back in August 2023: "Medtronic said it has changed the MIP for the current year so that missing the earnings per share target won’t disqualify senior executives from payouts." From:... — read more 

Today MDT is 94B while Intuitive is 96B Can I get a L M A O Nice going Geoff!!!

Every medical device company along with consumer staples (Pepsi, Coke) is down 20% in the last 3 months, this is not just Medtronic, reason for that is the prevalent use of GLP1 or-l therapies by Novonordisk and Eli Lilly which potentially reduces... — read more 

Soon the stock will be in the 60s! Thank the board!

What's going on with that?

https://www.marketwatch.com/investing/stock/mdt?mod=search_symbol

All these recent articles about potential buyers of spinoff divisions will cause a dead cat bounce when they go through, but then the stock will keep dropping! Looking forward to 50s by end of 2023!! Thank the board

Shareholders, don't forget to VOTE this month against retaining all of the board members before the annual shareholder meeting October 19th! Make your vote count. Kick them out.

AKA create value for me, your favorite majority shareholder, so I can have generational wealth. Tell me to care more about our patients and expendable employees? My bank account matters more :) can't wait to receive my golden parachute! Stock to... — read more 

Did you offset your people's raises with "other efficiencies"? Not really difficult after everything has been gutted the last two years right? Yay to high performing culture where managers have to cut innovation in order to give 2% raises to their... — read more 

Heard there were a few cuts last week in GLS in Santa Rosa and in HR? Anyone else hearing anything? Are layoffs going to be common theme this year?

Major IT LayOff pending in Q2-Q3, is that true?

Anyone that holds MDT shares have received the letter with the voting code. Time to give GM a clear message and vote against him…

When management can't figure out what to do but knows something needs to be done, they create centers of excellence. Create a new group with a clueless leader, then assign random people and assign them vague and unobtainable goals and see what... — read more 

I keep hearing MDT is investing more in R&D than ever, but I don't know any OU R&D groups that aren't cutting projects due to lack of funding. ?? What's going on?

Medtronic faces a class action lawsuit over sharing diabetes patients PII and PHI. It seems diabetes is the problem child that keeps on giving. Q has a background in software and though this was a good idea ??? What is going on in that OU, will it... — read more 

I joined the presentation later, but I saw KP’s presentation. No explanation why the Street is not reacting to our positive results?! I was surprised they didn’t blame RTO… And no time for Q&A, huh?! (Again!)

Any rumor's when the next round of RIF's or out sourcing beings

Does anyone else feel like the salary here is kind of a joke? They have done little to nothing to keep up with inflation. I don't see a path to achieve my financial goals at Medtronic.

To get GM and KP out? The street doesn’t trust them anymore, so their departure is overdue!

https://www.youtube.com/watch?v=Gb2UZPVCgms

So embarrassing that a small unknown company Recor Medical was able to get their therapy approved, whereas Medtronic couldn’t. Another feather in Geoff’s cap, bravo! Hoping you will get another $20M this year Can RDN employees expect layoffs soon?... — read more 

GM is not the highest especially given the company's revenue. https://www.medicaldesignandoutsourcing.com/medical-device-company-ceo-compensation-worker-wages/.

Medtronic posts across-the-board revenue gains after layoffs earlier this year After cutting costs earlier this year—including through a rolling wave of worldwide layoffs—Medtronic is starting off its 2024 fiscal year with reports of single-digit... — read more 

I see one of the following possibilities: The poor earnings are already expected are already priced in Medtronic does even worse than expected and share price falls . Given careful explanation about foreign exchange rates, supply chain... — read more 

Rumors about more layoffs are intensifying, should I be worried that there's some truth to them?

Isn't that just f*cking convenient Geoff!! I thought this was part of your grand "compete to win" strategy! You stupid fkn toolbag, all it took was 1 year of not hitting MIP to immediately reverse course. Look forward to the excuses you come up for... — read more 

Medtronic is not a good place to grow your carrier. He-l, it's not a good place to work, period. If I was younger, I'd be long gone. I just hope younger people don't make the same mistake I did and get stuck here in a dead-end job. Go and find a... — read more 

https://www.medicaldesignandoutsourcing.com/medtronic-ceo-pay-median-employee-mip-changes/ As reported to the streets