Great people to work with - poor leadership
Pros
Overall solid benefits, good work-life balance, and really generally smart, likable people to work with on a day to day basis. Lots of resources available for projects in general, and lots of people with deep expertise across many different functional groups. Overall feel good about the products that I work on and the mission is important to employees. DE&I initiatives are okay, although sometimes it can feel like a check the box activity for the company. Pay is solid, although raises and/or bonuses seem to get worse and worse every year.
Cons
Senior leadership has lost a significant amount of my confidence in the last few years (not surprisingly, right around that time that Geoff Martha was announced new CEO...). Significant and reoccurring reorgs, significant cuts in spending, layoffs every year, big push for return to office blanket across all functional groups, and benefits are slowly being taken away without new ones being added (the last casualty was summer hours). Travel restrictions, constant hiring freezes, performance reviews based on monetary metrics, huge focus on cost-down and increasing margin to a point that it feels like it is stifling innovation. While I understand the pandemic hit Med Tech hard, Medtronic cannot use that as an excuse anymore when there are several other Med Tech companies of similar sizes/product types that are executing better (and their financial statements show). With Karen Parkhill (CFO) leaving to HP, that just raises another huge red flag in my eyes. There are also some general negatives that come with the territory of working in large corporate Med Tech (very regulated, can feel slow moving, bureaucracy) but those are not necessarily unique to Medtronic.
