Take your pick, add your suggestions:
1, We're being bought.
2, No summer shutdown
3, RTO
4, More benefit cuts
5, Jacob resigning
6, More RIFs
7, Something completely tone deaf about team morale
14 replies (most recent on top)
Does changing the company value helps if the rot start from the site management is already so bad. Change the value akin to the Chinese saying " Changing the water but not the content of the Soup". It's is still the same soup at the end.
Changing the values is an unnecessary and mo--nic way to spend time. Imagine all the stupid working groups, change management, communications, and rebranding that will happen. How about actually living to the values that made the company great in the first place..?
@m1 Do you have a link to the youtube video?
Nothing really came out of the company meeting. Said that former ILMN employees are too comfortable at Element and sharing our insider tech. Morale boosting talk about Middle East deals. Finance- Low single digit growth. Confirmed low scores/engagement of iPulse. New ILMN values will be rolled out later this year.
“ The all hands will talk about resilience and the strength of the future business and the deals we are making but it is all shadow games….” Will? It already happened. You obviously don’t work at Illumina. Do you really have nothing better to do?
No actually he went in front of Trump and the Saudi prince. I saw a YouTube video. I don’t think anything big will come of it though.
Jacob was in Saudi yes, but he was a delegate and sat in satellite meetings. He wasn’t a main stage guy. Totally second rate Z list CEO.
What a sad state of affairs.
The all hands will talk about resilience and the strength of the future business and the deals we are making but it is all shadow games.
Our underlying business is super weak and more layoffs are coming.
So what happened at the meeting? Recently RIFed employee wants to know.
Can definitely see another “we need to make savings” ergo, more RIFs coming down the pipeline.
But also; the pivot to Middle East over China. No doubt the ELT will clam on this was always the plan.
Other than that it will be the usual, tone deaf, out of touch, “we’re all in this together”, row of talking corporate heads. I have absolutely no faith in or trust of the ELT and this is simply moving the deckchairs on the Titanic. Only the ELT have taken all the lifeboats for themselves.
I predict it'll all be fake morale boosting stuff. And they are spending a few cents on pastries to try to distract us from the sh-tshow.
Jacob getting a seat at the table in the Saudi / US investment forum is incredibly bullish if anything .
Not optimistic or anything but it’s good news than not .
Guys, summer shutdown isn’t going away anytime soon. It’s a relatively cheap benefit and a smart strategy to corral time off into a more predictable and controllable window (which is key from a sales, operations, demand planning and financial reporting perspective).
Also, there’s a nearly zero % chance of Jacob resigning in anything less than a 3-year tenure. It would signal further internal turmoil to the market and cause another $ billion or so drop in market cap. Whether or not he’s any good as a CEO, the Board acknowledges that he took a turnaround job, which would need years to execute upon. They’ll give him at least 3 years to do so. Settle in, we’ve got who we’ve got, for now at least.
They’ll recap the Middle East trip and provide a morale booster that we have new opportunities. Nothing much else.
It’s a normal company meeting. It was rescheduled because Jacob was traveling which is clearly public knowledge and was shared with us. Many of us are upset about how things are right now but why the immaturity?