Illumina’s Contrasting Announcements Send Mixed Messages

Sending what some would say are rather conflicting messages, Illumina this week announced both a layoff of 151 San Diego, CA employees and the opening of a new solutions center in Bengarluru, India. The layoffs come as the company tries to cut $100 million in costs for 2023 amid biotech funding woes, inner-company turmoil, and a slashed annual profit forecast.