Clean your stocks now!

A. 0-1% B. 1-2% 2-3% 3-4% E. 5%+

Illumina peeps crying about no more shares like it’s the end of the world... Meanwhile, over here at Oxford Nanopore, our stock options are basically NFTs (Thanks Gordon!). At least y’all had something worth losing.

Admit this was a mistake, if cuts need to be made then reduce, not eliminate, _everybody's_ RSU/AEGs equally. Give us all a stake in Illumina's future beyond hoping it survives until we find our next roles. This would be genuine leadership... — read more 

We should unionize

I have been an Illumina employee for a LONG time. I have never considered leaving Illumina until now. I truly believe the “soul” has been su-ked out of this company. It is not what it once was. I have found myself asking more than once over the last... — read more 

I am quite stunned by the performance yesterday of the ELT. Specifically the "head of people". How out of touch with reality do you need to be to claim that "it's the culture and the friends we made a long the way" that will keep talent around once... — read more 

Illumina’s new CEO lacks a clear strategy for growth—his primary focus seems to be cost-cutting under the guise of so-called “pillars.” But cutting costs alone won’t drive the company forward. He is steering Illumina away from its legacy of... — read more 

Honestly, he is a joke and he should go. Who shows up to AGBT in such a cheap suit and shoes? No matter what we think about Francis, he did at least look the part. How is anyone going to take Jacob seriously! The all hands was a disaster, them and... — read more 

So the official strategy for staff retention is to decimate the compensation package as we all stay because of our colleagues. Which they keep laying off.

Each time we lose some of the most knowledgeable people, so I have to wonder if the same thing happened again. It's a stupid strategy to save money by cutting your most valuable workers, but I guess that's what we get with completely incompetent... — read more 

How is tomorrow looking? What can we expect?

I’m especially sorry for those for whom it’s a real blow. Once you are back on your feet, and I hope it will be very soon, you’ll be relieved that you left this company behind. It’s taken the wrong direction a while ago, and it will only get worse... — read more 

I was notified this morning, no idea how big the layoffs are yet. Pretty normal severance, nothing special.

Illumina is doing another reorg and layoff today. I was one of many. They are sending indirect jobs to India mainly. Desperate attempts to reduce costs.

Are there any reasons why we cannot see any WARN notices on the State's site?

As of January 2023, Illumina reported having approximately 10,200 full-time employees, 60 part-time employees, and 1,400 contingent workers. Over the past year, the company reduced its workforce by about 12%, bringing the total number of employees... — read more 

Looks like Singapore have seen layoffs in R&D and Commercial. Will it now work its was around the globe?

There was a round last January. Will there be another round this month?

Illumina is the place to be if you want to aspire to their lousy leadership who will chop heads at the drop of a hat to save their own skin

So just got a message on LinkedIn requesting interview questions to fill jobs in supply chain. Sure, I will provide this so you can interview ans then lay me off! So toxic!!

Illumina is the place to be if you prefer: to always worry about getting laid off to see people get laid off while management increases the workload for people who don’t get laid off that management yells at you for not keeping up with the... — read more 

What that may mean for the rest of us? Cuts have had the major reorg scope. It must affect other operations as well. Or at least it may be pointing towards some major changes coming in the other areas. Probably none of them would be good for us... — read more 

I see that mainly Europe Marketing was affected (quite a bit, it seems). Anything going on in the US?

Rumors put together imply quite a number of people being laid off. Europe is also hit. Any clue as to how long this may last, and if any areas are safe?

Anyone know anything? I heard about a PM director being cut.

I think folks that are undergoing a leadership change are at risk for a RIF. R&D is probably safe. There are way too many Directors here some with only 1 report. The org will be more flat going forward. In all honesty, there is some fat in this... — read more 

Anyone transfer departments? Engineer looking to transfer to another engineering role. Is it worth going through the trouble at this company, generally speaking?

Does anyone know how would this potentially affect our Illumina stock? Poll: Are you holding or selling your Illumina stock?

Anyone hear any rumors? Earnings call is later today…

Does anyone know how long they are waiting to get their severance package? Getting close to my 30 days after signing the agreement.

More leaving

Noticed this last night - https://www.linkedin.com/posts/vamsi-gadireddy-bizanlaytics_early-saturday-lying-awake-for-hours-staring-activity-7174760822995374080-Jc_b?trk=public_profile "Early Saturday, lying awake for hours staring at the ceiling... — read more