This results in a ~10,000$ pay cut to each team member on one of the most talent rich and senior teams in Service and Support. Why you ask? Well not to save a measly $550,000/year. Thats half of an X+ if you're interested. It was to align global roles. And the call came from inside the house. This was all done by a leader within the organization. Will we see a mass exodus of talent and experience leave Illumina as a result? A 10K pay cut in today's economy could break some. Remember we also lost annual RSU grants too.
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Inventive way to lose staff without recourse to the pretty much annual November layoffs?
What are the odds?
Yet another “global alignment” that rounds down.
@OP where was this announced and which team specifically?