Illumina Layoffs
February 2024
Illumina announced a layoff affecting 111 employees in February 2024. The company operates in the Healthcare sector.
111
Feb 1, 2024
About
Illumina, a leading San Diego-based biotech company specializing in DNA-sequencing technology, is laying off 111 employees at its headquarters, effective March 12, 2024. This latest workforce reduction, announced in January, follows a challenging period marked by regulatory battles and shareholder activism. The company, which had approximately 10,200 global employees as of early 2023, is restructuring after losing a federal antitrust case, forcing it to divest Grail, a $7 billion cancer-testing startup it acquired in 2021. These layoffs, which include vice presidents, scientists, and engineers, are part of broader cost-cutting efforts to save $100 million, following several rounds of job cuts in 2023 that eliminated 230 positions in San Diego alone.
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