Medtronic Announces Layoffs At Coon Rapids Research Lab

Medtronic Announces Layoffs at Coon Rapids Research Lab

Coon Rapids, MN - Medical technology giant Medtronic (NYSE: MDT) confirmed today that it has laid off an undisclosed number of employees at its Physiological Research Laboratories located in Coon Rapids, Minnesota. The layoffs occurred on Wednesday, May 14, 2025.

While the exact figure of affected employees remains unconfirmed by the company, a source within the Coon Rapids facility, who wished to remain anonymous, stated that approximately 20 individuals were let go in the morning, with additional layoffs occurring later in the day, including the source themselves.

In response to inquiries, Erika Winkels, Senior Director of Public Relations at Medtronic, provided a statement via email: "These decisions are never easy, and we are taking great care to treat all impacted employees with dignity and respect. Medtronic will follow fair, consistent processes and provide comprehensive transitional resources to impacted employees during this time." The company did not elaborate on the reasons for the job reductions or provide a specific number of affected personnel.

The Coon Rapids facility, known as the Physiological Research Laboratories, plays a crucial role in Medtronic's research and development efforts. According to documents filed in 2020, the lab has been involved in animal research, specifically with sheep, for medical device testing.

This announcement comes despite Medtronic reporting a positive financial performance earlier this year. In February 2025, the company announced an increase in profit for the third quarter of its fiscal year 2025, with a reported worldwide revenue of $8.3 billion.

Medtronic, headquartered in Minneapolis, Minnesota, is one of the world's largest medical technology and solutions companies, specializing in the development and manufacturing of a wide range of medical devices.

This development follows a pattern of job reductions within the medical technology sector and at Medtronic itself. Notably, in 2024, Medtronic confirmed global workforce reductions as part of what CEO Geoff Martha described in January as efforts to restore the company's earnings power through operational efficiencies, including the closure of manufacturing sites and consolidation of distribution centers. While the company does not routinely disclose details of layoffs, reports from earlier in 2024 indicated job cuts in locations such as California and Ireland.

The news of the Coon Rapids layoffs will likely raise concerns among the local workforce and the broader medical device community in Minnesota. The long-term impact on the research capabilities at the Coon Rapids facility remains to be seen.

This is a developing story and will be updated as more information becomes available.