New RIFs!

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My entire career has been filled pride and gratitude while working for various medical companies. I truly believed in the mission and the products were making a difference.

Then came Medtronic….now it’s embarrassment, disgust and the feeling that so many of us are standing upon a sinking shit hole of a ship just waiting for it to go down. I fucking hate everything about this company
 








































Definitely seems prevalent across the industry in big orgs. What's the play then - smaller company, maybe a start-up? Leave industry entirely? Plenty have gone to tech but also ran into similar scenarios with RIFs and missed inflated quotas. Are we just in an economic spot where all avenues are getting squeezed.
 








Startup = enjoy working 80 hour weeks and wear many hats, and chances are they're gonna fail or fail to get acquired anyway and run out of money. It's a long haul and sure the rewards are there, if you have 10 years to waste. If you know a good startup to go to, it's already too late because it's too public and the good equity is gone.
 








anonymous said:
Startup = enjoy working 80 hour weeks and wear many hats, and chances are they're gonna fail or fail to get acquired anyway and run out of money. It's a long haul and sure the rewards are there, if you have 10 years to waste. If you know a good startup to go to, it's already too late because it's too public and the good equity is gone.
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Startups are great places for those who want to work hard.

10 years to waste? Must be speaking from a bitter experience from a bad decision that didn’t pay off like you expected it to.
 








anonymous said:
Startup = enjoy working 80 hour weeks and wear many hats, and chances are they're gonna fail or fail to get acquired anyway and run out of money. It's a long haul and sure the rewards are there, if you have 10 years to waste. If you know a good startup to go to, it's already too late because it's too public and the good equity is gone.
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You must be slaving away at TCT booth duty and wondering how you were so blind to miss all the great startups in the last 5 years. It’s called being LAZY and thinking you’re so much smarter than everyone else.
 
















anonymous said:
You must be slaving away at TCT booth duty and wondering how you were so blind to miss all the great startups in the last 5 years. It’s called being LAZY and thinking you’re so much smarter than everyone else.
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Haha just because I sell a “me too” product doesn’t mean I’m lazy. Being 2nd or 3rd to market is really hard.
 








anonymous said:
You must be slaving away at TCT booth duty and wondering how you were so blind to miss all the great startups in the last 5 years. It’s called being LAZY and thinking you’re so much smarter than everyone else.
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Lol I work in BD trust me I ain't missing anything. Look at the M&A activity...it's bare bones. Why aren't all these incredible startups being acquired and instead we have to go external to Israel and Europe for the halfway decent targets? Cause when I and my team actually do the due diligence, the stink is obvious. Go ahead and pretend you know what you're talking about but unless you have expertise in valuations and M&A, I suggest you pipe down because saying "great startups" only tells me you feel for their marketing too lmao
 
















I worked for a spinoff that made an SCS product and I never want to work for a startup ever again without getting a sense of their culture first.

All our company's CEO wanted to do was pump up sales enough to be acquired by Medtronic. I swear we had one mole whose husband was high up in Neuro. The incompetence was so spectacular that it had to be intentional.

The problem most eveywhere is corporations cause short sightedness. Everyone wants to meet their own narrow metric at the expense of everything else. Quality? Who cares, deal with it later attitude.

Corporations need to be abolished to the ashpile of history.
 
























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