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 

Are layoffs done really? Looks like some resource is moving to India... How about China?

Somebody mention in one the post about fianance system TM1 team - and that their remote workers and contractors are doing multiple jobs and there are no layoffs in that team. Anyone knows which team is this. I would love to join this team :)

With fierce competition (from Pacbio, MGI, Element etc.) and divestiture of Grail, what will happen next? Seems people are witnessing the fall of this legendary empire...

An article trying to help wash former CEO. https://finance.yahoo.com/news/inside-illumina-8-billion-deal-180000364.html

Anyone have any thoughts on who new CEO will be?

How good employees are laid off but bad ones are surviving. How come employees are laid off and contractors are surviving

Let's think in your scenario: you work in the medical device industry, which is very unfeasible to the majority of tech companies because you are slow.. very slow.. Your software stack is pathetic.. you use languages that few companies use ... — read more 

Today was the day we received our severance payment and mine was less than expected. I was at Illumina ~1.5 years and got 6 weeks of pay when I thought I would get 8. Not sure if this is a mistake, the exit paperwork wasn't very clear. Did anyone... — read more 

According to the interim CEO, layoffs are complete.

Found out this morning, unexpected 1:1 was added to my calendar. 30 days of employment +30 extra days of pay and 1 month of additional pay for my severance package. Full benefits paid for 60 days. Eligible for VSP

Whoooooo hooooooooo!!! Yipeeeeezzzzzz. Whaaaaa yyeeeeeeyaazzzzzzzerrrrezz!

Several people talking about this today

I know there have been cuts already, but I highly doubt that we are anywhere near the targeted ten percent (that's more than 1k people if I'm not mistaken). Is there any way to know how many have been let go so far and how much longer it will take to... — read more 

To help people understand more about current "Illumina", here are some nice comments from... — read more 

Sad to see so many people who care about true values are laid off. It's a shame of current HR to evaluate performance by the level of shamelessness? So many flatterers doing nothing but kissing a-s get promoted. If Illumina keeps showing... — read more 

My spouse was truly passionate about his career at illumina putting in countless hours of overtime and always trying to push things to the next level. He is one among the many recently laid off. Needless to say, this is a big blow considering that... — read more 

Guess they don't need my help to transition my work to someone else...

If you are a bu-t-kisser you have no need to worry about layoffs. No matter how poor your work is, you can consider yourself safe. If you're a hard worker who knows what he/she is doing and always does a good job, your head will most likely end up on... — read more 

During today's GIS Town Hall, it was announced that GIS is reducing it's costs by 20 Million. 9 Million in software, licensing, and projects. That leaves 11 Million for salary reduction

It seems financial interests of impacted employees are overlooked? Given termination date is 7/21, impacted employees will loose ESPP purchase (on 8/1)? Which is 2.25% of 6-month salary. That too for less than 2 week gap. It will be sad, given... — read more 

I haven't heard of any more layoffs today. Does that mean we're done or will there be a continuation at some later date?

Starts from the top. Most people do nothing at the company. Software is bloated and shows in the quality of the products. Very top down and folks at the top have no idea what to do or how to do it! Software is BAD. No one uses them or likes them... — read more 

Not sure if its everyone, multiple people got meeting invites with HR and their manager

We just cheered up : 25th anniv. and our growth. What will be the upcoming layoff criteria ?

More layoffs possible?

Icahn urges Illumina to unwind Grail deal, pushes ahead on proxy fight Billionaire investor Carl Icahn is urging life sciences company Illumina Inc (ILMN.O) to divest cancer test developer Grail Inc (GRAL.O) and said on Wednesday that his director... — read more 

I cannot see any news about illumina layoffs? This is a fairly big cut I am sure someone is watching?

Do we know how many are impacted?

Anyone hear about this?