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
Perhaps it will be more difficult for survivors?
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
The most disorganized company I've ever worked for
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
How many people are left at Invitae?
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
ArcherDx Pay Adjustment Open Letter
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
What exactly are they rewarding themselves for? Driving the company into the ground ? Look at the option awards.
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
if they don't get rid of Karthik S.
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
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
How do you feel after getting laid off?
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
Some did not expect it
In fact, I think most of those who are affected didn't think it would happen, or at least not to them?
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... — read more
How likely is that Invitae goes bankrupt within next 24 months?
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.
Is severance really just four weeks?
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
Here you go
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
Restructure? More like a bloodbath
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
This will never make sense to me
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
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
Everyone is expecting layoffs and there is a ton of uncertainty
People are anxious. I hope this is all over soon. But, will it be all over soon? I doubt it.
Layoffs coming very very soon
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.
Poor Q1 Results = layoffs?
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?
People who requested vaccine exception
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
Layoffs are happening in 2022 also!
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 :)
Layoffs in 2022 Coming?
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?
Money seems to be disappearing and other sources are getting tapped. Does this mean another lay-off, icy Invitae Style, is coming soon?
Unlimited PTO is a joke
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.
So when are Jim Stuart and Catherine Stueland Getting layed off?
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
How many were cut last week?
Do we have any idea about the final number? And do we know if there will be more cuts any time soon?
Layoffs are happening again in 2020
This is bad.