Thread regarding Invitae Corp. layoffs

These layoffs will further encourage attrition

If the management thinks it's okay to cut people, some of whom were excellent performers, and then distribute the rest of the work to those of us who are still here - I don't think it will go that way. I'm already overloaded and I don't intend to accept even a little extra work. I think that those who were thinking of staying here for a while longer will also start leaving?

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| 1621 views | | 2 replies (last July 21, 2022) | Reply
Post ID: @OP+1hOPIvvW

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It sounded like they got rid of departments that were not making money. R&D was cut to around 5-6 people. De Haro office site is probably done for.

If you worked directly with patient samples in production or supporting production you still have a job.

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Post ID: @1kwa+1hOPIvvW

If the compensation hasn't already...

invitae stock analysis: https://youtu.be/gZX603RYqcM

They spent too much money on acquisitions and now are in survival mode. In "cutting the fat" they might have hit an artery

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Post ID: @avb+1hOPIvvW

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