Only been hearing it through the rumor mill. Can anyone substantiate the claim?
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Which departments?
they are just going to keep cutting and cutting so the executives can keep their pay.
Does anyone have a sense of how broad this round might be?
Yeah but no one needs a CIO. Waste of money.
with the sudden "retirement" of the CIO and all the recent changes at the top, why do I get the sense that this next wave is going to be massive
I just wanted to say thank you to the person who posted the date. It takes a lot of courage to do that.
I've been at Illumina for several years and the stock drop is the absolute worst I've seen. Terrible. Just terrible.
Whole market is a sh-tshow. We still remain one of the only profitable companies in this business. We are too scrutinized.
But but but Donald promised a booming economy after lib-day
Get rid of redundant roles...stock below $75. Do something!
China?
April 16th is what I heard. Confirmed folks in AMEA, unsure about other regions
Really? Any info on date or week in April?
Confirmed? What date?
Yes, the "leadership" is running this company into the ground that's for sure!
They have to give 60 days notice and people will be off the books before quarter end. So backtrack 60 days from June = April
Implementing next-generation ERP will automate tasks, reducing the need for roles in manual administration, supply chain and procurement, regulatory compliance and quality control, as well as finance and HR processing.
Just cut everyone in HR.
Company spends about $1bn per year on R&D and generated around $4bn.
Probably R&D.
What areas? I haven't heard anything yet but will ask around.
I wasn’t surprised at all! The company is struggling, and the leadership is weak.