CVG Falling Apart?

The VAD market is destroying CVG, now forecasting a serious revenue miss. Furloughs, possible RIF's, hiring freeze and spending constraints. Where does it end? No wonder analysts were pushing back on Omar at the JP Morgan meeting last week.

Post A Reply

Report this entire thread

The reason we ask for your email address is to ensure the reporting feature is not abused. Once you report a thread a confirmation email will be sent to you requiring that you did in fact mean to do this action. This also gives us a way to get in touch with you privately to discuss your reasoning if we feel the thread has been reported without merit.

Your email address will never be used for any other reason and will never be sold to email marketers.

A reason is required.

ICD business has declined, pacing decline, LVAD decline. No positives in the business last quarter.

Reveal LINQ actually had the best growth in over two years. Definitely not enough to carry CVG but a positive at least. TAA isn't in my division but I did hear growth was ok there.

post

CVG's falling apart just like your batteries, security issues and pacing modes.

ICD business has declined, pacing decline, LVAD decline. No positives in the business last quarter.

post

CVG's falling apart just like your batteries, security issues and pacing modes.

post

Will the EPIX Therapeutics buyout help at all?

no.

post

A more accurate statement would be:

As a large global business, we regularly review our business to look for ways we can increase management compensation and be more efficient, as we need to deliver growth to our valuable vice presidents (and above) paycheck. Roles across different levels, businesses, and functions have been eliminated. We made every effort to maximize the impact on employees by using a combination of reducing the number of contractors and not filling open positions.

How ironic that the PR person who wrote that quote was let go during this round of layoffs.

post

A more accurate statement would be:

As a large global business, we regularly review our business to look for ways we can increase management compensation and be more efficient, as we need to deliver growth to our valuable vice presidents (and above) paycheck. Roles across different levels, businesses, and functions have been eliminated. We made every effort to maximize the impact on employees by using a combination of reducing the number of contractors and not filling open positions.

Well played, ou win the internet today.

post

We have received the following statement from Medtronic:

As a large global business, we regularly review our business to look for ways we can streamline our organization and be more efficient, as we need to deliver growth to the corporation. Roles across different levels, businesses, and functions have been impacted. We made every effort to reduce the impact on employees by using a combination of redeployments where possible, reducing the number of contractors, and not filling open positions.


Our original article on the reported layoffs will be updated shortly to reflect this statement.

Medtechy

A more accurate statement would be:

As a large global business, we regularly review our business to look for ways we can increase management compensation and be more efficient, as we need to deliver growth to our valuable vice presidents (and above) paycheck. Roles across different levels, businesses, and functions have been eliminated. We made every effort to maximize the impact on employees by using a combination of reducing the number of contractors and not filling open positions.

post

layoffs happening, today, at the Heartware location.

We have received the following statement from Medtronic:

As a large global business, we regularly review our business to look for ways we can streamline our organization and be more efficient, as we need to deliver growth to the corporation. Roles across different levels, businesses, and functions have been impacted. We made every effort to reduce the impact on employees by using a combination of redeployments where possible, reducing the number of contractors, and not filling open positions.


Our original article on the reported layoffs will be updated shortly to reflect this statement.

Medtechy

post

layoffs happening, today, at the Heartware location.

RIFS at Mounds View yesterday.

post

  • big layoffs coming on April 22nd...

layoffs happening, today, at the Heartware location.

post

  • big layoffs coming on April 22nd...

In Mounds View or external/sales?

post

  • big layoffs coming on April 22nd...

This is very specific so do you have additional info on who will be affected?

post

Loading...


Load More

Report this post

The reason we ask for your email address is to ensure the reporting feature is not abused. Once you report a post a confirmation email will be sent to you requiring that you did in fact mean to do this action. This also gives us a way to get in touch with you privately to discuss your reasoning if we feel the post has been reported without merit.

Your email address will never be used for any other reason and will never be sold to email marketers.

A reason is required.