Thread regarding Illumina Inc. layoffs

No bonus, as company not doing good!

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| 1581 views | | 6 replies (last December 8, 2023) | Reply
Post ID: @OP+1pBai9Nt

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Yet the VP's just received a hefty bonus. The CFO admitted this on a call this week.

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Post ID: @npde+1pBai9Nt

No bonus for rank and file. Execs are getting their fat RSUs at discounted prices.

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Post ID: @ehrv+1pBai9Nt

How do you know? Which teams will be impacted?

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Post ID: @dwol+1pBai9Nt

Yes. OpEx reduction targets will be announced before Q4 results are released. Layoffs will be implemented by end of Q1 or beginning of Q2.

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Post ID: @dsoy+1pBai9Nt

:-(

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Post ID: @6kbe+1pBai9Nt

That is sad. Are we on verge of more layoffs?

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Post ID: @1cdq+1pBai9Nt

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