Illumina to shed 5% of global headcount
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Gene sequencing company Illumina (NASDAQ:ILMN) announced it is reducing about 5% of its global employees in response to the current macro environment. San Diego, CA-based Illumina (ILMN) had 9,825 employees as of January 2022.

âThe Company is proactively realigning Core Illumina operating expenses to reflect the current macro-economic environment while maintaining focus on its innovation roadmap and sustainable long-term growth,â Illumina (ILMN) said in a regulatory filing after the closing bell on Monday.
The company expects to recognize a restructuring charge in Q4 2022 to reflect the move, including the costs related to operations optimization.
Illumina (ILMN) shares slipped early this month after the companyâs Q3 2022 results, which also included a $3.9B of goodwill impairment related to its GRAIL acquisition.