Thread regarding Illumina Inc. layoffs

Confirmed Second Round of Layoffs Nov/Dec 2019 - 100+ Employees

From inside source in management, it has been confirmed company getting ready to layoff more than 100 employees right before holiday shutdown. Not specific to which departments but this is probably subsequent to 2Qtr earnings and budget misses in 2019. Cannot confirm if this will be the last rou or if number of deaths are in the US only or international (UK & Asia).

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Post ID: @OP+11CQCVKS

11 replies (most recent on top)

The end of November 8 people were made redundant at the Cambridge UK site and getting word that more are to be made redudant.

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Post ID: @1Zmgr+11CQCVKS

so I was one of the casualties. I honestly don’t know what they were thinking. Probably chasing the daily stock number rather than focus on the technology and employees that make it happen. My field service team was shorthanded before my lay off and now the clients will suffer for sure. I was there for 2 1/2 years. Illumina has turned into a bean counting firm and that when companies start to implode.

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Post ID: @Kjdf+11CQCVKS

layoffs are happening right now

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Post ID: @Igwb+11CQCVKS

I believe the layoffs are today Dec 3rd.

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Post ID: @Ilnb+11CQCVKS

It has become a third world country company with no ethics but just personal agenda

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Post ID: @xbrt+11CQCVKS

Speak of really bad strategic decisions! This is why Illumina will continue to lay off people: This was January 2009 (on Oxford site): “Oxford Nanopore’s technology holds tremendous promise to achieve the sub-$1,000 human genome,” said Jay Flatley, President and CEO of Illumina. “Making electrical measurements of unmodified DNA removes the need for complex sample prep and the high-performance optics found in today’s sequencing systems. We look forward to a long and productive partnership with Oxford Nanopore.”

Oxford Nanopore’s CEO, Dr Gordon Sanghera commented, “This alliance brings together today’s commercial leader in the field and what we believe will be the future’s best sequencing technology. The agreement reflects the rapid progress we have made in developing nanopore technology towards being the first label-free, single-molecule sequencing system. The partnership will enable us to further accelerate our development and enable broad commercialization through Illumina’s significant commercial infrastructure.”

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Post ID: @twhj+11CQCVKS

A great company but with a history of pushing out those with tenure. Look at the track record the last few years. If you are white male in a leadership role with tenure in the company, you are a target.

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Post ID: @qywh+11CQCVKS

The brutal truth is that the newly hired mangers drove away a lot of great people (including middle management and staff), so that they could bring in a lot of their unqualified friends onboard, creating more toxic environments. It's been consistently going downhill for a few years now, and I am not surprised that 100+ people would be let go this time, because of all the drama during the past few years. Glad that I got out before this giant wave of layoff.

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Post ID: @jrkt+11CQCVKS

Flatley also made a questionable choice turning the company over to someone more interesting in going woke than in helping the company perform better.

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Post ID: @hqos+11CQCVKS

This is happening much sooner than the shutdown. Estimated for the the week of Oct 30 - Nov 8

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Post ID: @atgi+11CQCVKS

Yes. Illumina's growth days are behind it, as cheerleading Motley Fool now concedes. With PacBio deal dead, Illumina will be stuck giving it millions in lifeline and huge cancellation penalties.
Think Jay flatley made a big error disposing of Oxford Nanopre. Expect many layoffs to happen.

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Post ID: @8gqp+11CQCVKS

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