More layoffs today
Invitae paid employees salaries that are not sustainable. One should ask question if a Engineer is paid > 200K and how is this going to be sustained for long period of time. Invitae reckless spend and inflated salary is the cause of failure
I don't know anyone who didn't find a much better job after their experience here. That's why I believe that layoffs for many will be stressful in the short-term but things will work out better for them long-term. The company is in survival mode... — read more
I was suppose to start work the day they made the announcement. I feel wronged that they didn't rescind my offer earlier instead of delaying my start. It's like they made the decision the night before. Just rescind all offers, it wouldn't have... — read more
After the bloodbath, how many are still standing? I'm starting to think that being laid off was the preferable option, considering how much work those who're still there will have to do in the coming weeks and months and maybe longer. You don't cut... — read more
To Leadership: Ongoing communication issues and failures to deliver on promises in a timely and transparent manner have resulted in continued attrition, reduced morale and productivity, and employee burnout. We share your goal: the success of... — read more
4/8/22 Nussbaum Robert L. Officer Award of Options 168,511 0.000 – 0.000 409,678 $0.0 Brida Thomas General Counsel Award of Options 168,511 0.000 – 0.000 398,250 $0.0 Werner Robert F. Officer Award of Options 135,815 0.000 – 0.000... — read more
and his hires and promotions, this is really all for nothing. This group includes the most incompetent and immature staff I have ever encountered.
The way this company is managed is disappointing. I don't get the impression that the top dogs are working in the best interest of the company. Have you ever worked in a company that was managed worse than this one? I have never experienced such... — read more
I feel very sorry for those who are affected. I know it is very difficult to be loyal to this company for years, to give your best and then find out in a very ugly way that you are no longer needed. This is also a lesson to those of us who... — read more
In fact, I think most of those who are affected didn't think it would happen, or at least not to them?
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... — read more
What's your estimate? I got cut so there is a bit of schadenfreude on my side but I really wish the mgmt loses their jobs too. What a bunch of incompetent nobodys.
I could understand four weeks per year, but somebody said it's four weeks total? If true, that is unbelievably low and especially unfair towards people who've been here for a while as opposed to those who just joined in the last couple of years with... — read more
Media needs to find out something is happening before they can report on it. They had one press release to go by. Now that things are coming out, so is the media coverage. For... — read more
How come everybody in the media is talking about the restructuring and the changes on the top but nobody is mentioning layoffs? If they are, I can't find it (other than hidden in wording like "cost cuts" and " exiting non-core businesses" and... — read more
I understand that sometimes layoffs are necessary. What I don't understand is why this was not used to get rid of the low performers in the company? Instead, some of the best people were cut. People whose absence will be felt significantly and for a... — read more
They have laid off 1,000 people today. I am a top performer and I was laid off. Invitae is definitely not going to be around for much longer. They have a cash runway until end of 2023. Good luck to everyone!
Another mass layoff at Invitae and they are terminating top talent this time. You know the senior leaders suck when they shed best workers. Layoffs are short-term solution to cut the costs but they create more problems for the business than they... — read more
People are anxious. I hope this is all over soon. But, will it be all over soon? I doubt it.
Group leads and managers are asked to not move people around or ask for other eligible employees from other teams as a big layoff is coming soon. All other options to save the ship have been exhausted.
If they need to significantly reduce burn with such poor Q1 results, seems like layoffs and/or pay cuts are likely on the table. What do others think?
I couldn't get the vaccine due to a health condition. I got an exception, but I'm under more pressure now than ever. I may be just paranoid, but I get the impression that they are deliberately putting pressure on me to leave. Others with... — read more
Sean announced layoffs on 01/27/2022 for one team and there are talks that there will another mass layoff on 01/28/2022. Let's see if our stock goes down to $3.50 :)
Stock is diving and survival with Wall Street is directly dependent on profitability. Easy way to cut costs is to lay off employees May be wise to look elsewhere while the job market is strong. Comments?
I worked untill 1:00, 2:00 am sometimes off the clock to be laid off. Their unlimited PTO is a joke. How dare you to ask.
They continue to make poor business choices (especially Catherine) and protect their favorites that don't speak up about their complete incompetence. I still can't believe how many great employees were axed after the last layoff. If I sound bitter... — read more
Do we have any idea about the final number? And do we know if there will be more cuts any time soon?
This is bad.