Medtronic reviews

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.

Medtronic does not give a cost of living adjustment. All clinical specialist in your same division will make the same amount, no matter where you live across country. No work life balance. In fact, they say there’s “work life integration”, basically meaning you are available all the time depending on what division you’re in, especially as a clinical specialist. You can work very hard and it might get noticed with recognize points, but good luck on a raise or promotion. They haven’t given a yearly raise in several years to their employees on salary. I was offered a well deserved promotion but the district manager said it wasn’t in the budget and I’d have to wait several months. However, the associate sales rep was promoted within that same time frame. They definitely care more about their sales team members than they do their clinical team. Other companies pay their clinical specialist a bit more than Medtronic.