Seems that the annual equity grant is skipping a cycle and no one will get any additional RSU grants this year. Clearly all happening in secret/stealth, not exactly demonstrating the values of “We are Open” and curiously timed after the iPulse has... — read more 

It'll be a bit sickening if everything is coming up roses

I would say this one - https://youtu.be/RyTQ5-SQYTo?si=Hro6ygiNNwCh6chu

For groups not impacted this month? Maybe as part of the next chapter?

Maybe once Friday is done I will, but until then, my guard is still up.

Alex has ben saying this for months: Illumina should and probably will divest the array business. How likely do you think that actually is? At some point arrays will be gone, that is for sure, but I thought that would be years from now...

I was afraid there'd be more cuts today, but I think we can say with certainty now that it's over. At least for this round. We all know it's never fully over when it comes to cuts at Illumina.

Private equity to save the day of Fortune 100 to acquire…. I’ll let you guess so my post doesn’t get whacked.

Or are those people safe?

Why are we always losing some of our most experienced and knowledgeable employees to layoffs? Even if some of the managers at Illumina aren't the sharpest tools in the shed, I find it hard to believe they'd intentionally let go of their best... — read more 

Employees who were recently publicly commended by management for 20 years of service are gone. Loyalty is a one way street at Illumina.

Are we done? Any news? Does anybody know how many people might end up being RIFed?

100 hardworking PEOPLE lost their jobs today…and we still haven’t received an apology from leadership (current and past) for the Grail disaster. This company views people as expendable pawns, and it’s clear they don’t know how to forecast properly... — read more 

so sorry to everyone impacted today. leadership keeps blaming macroeconomic forces, but these dont seem to have changed since 2022. once covid ended we should predict normal global events. Cause these macroeconomic forces arent ever going to... — read more 

Just looked at WARN notices in California and Illumina didn't have any for 2024. I thought they had to give 60 days notice before giving the employee notice?

Happily laid off today

Our team was not hit so far so I'm not sure if we should celebrate or worry about tomorrow.

Yes, I am one of them who got fired today on Illumina.

All functions will be impacted, let's wait for afternoon to get more details.

https://endpts.com/illuminas-chief-commercial-officer-to-leave-marking-another-executive-departure/

Positive and heartwarming. Apart from the total lack of anything positive, heartwarming and the clear message that more cuts are coming.

https://carlicahn.com/open-letter-to-shareholders-of-illumina-inc-13/

Does anyone have information about the reorg/reduction in force rumors?

ILMN stock after earnings is hovering in the 90s. Companies will not be lining up to buy GRAIL which burns $800M/year while generating revenue of $100M. Given the GRAIL drag as well as sequencing market plateauing or even decreasing over the next... — read more 

https://ceoworld.biz/2023/11/15/revealed-top-20-ceos-of-genomics-companies-worldwide-2023/ Stay hopeful, the #1 genomics ceo of the world is leading the company. Expect better benefits, growth and work culture. Happy Thanksgiving!

Exciting times ahead

"we need to manage our R&D cost" "needs to reduce run rate expenses" "deliver value to share holders" Analyst Vijay: Grail will cost $1.75B over next 2.5 years. How are you going to support it ? CEO & CFO: 🤷

I'm aware that your organization is currently facing significant challenges, and I wanted to reach out to offer some words of encouragement. I understand that there may be a great deal of frustration within your organization right now. It's not... — read more 

As a part of cost restructuring and bringing back innovation most remote employees will be axed in the upcoming layoffs. There will be a strong emphasis is moving remote work to low cost counties if talent is available.

No broadband subsidy or cellphone. On top of health benefits/memberships taken off us and the low pay rises and stock prices its costing money to of survived the layoffs

there is speculation that the stock can drop to 80 before stabilizing.

That's the rumor

There are many remote employees and contractors still moonlighting and some are even working on the fake identity especially in the technology side. Guy who gave the interview is not the same guy showed up on the first day. Many (non American)... — read more 

Corrupt leadership from C suite under SEC investigation for insider trading. People resigned or fired to avoid liability which has to be taken up by employees and shareholders. Check that they are exempt from past and future liabilities. .. — read more