Il­lu­mi­na lays off work­ers and cuts of­fice foot­print as part of cost-re­duc­tion mea­sures

Il­lu­mi­na has start­ed to lay off work­ers and will re­duce its re­al es­tate foot­print, ac­cord­ing to a reg­u­la­to­ry fil­ing post­ed Mon­day af­ter­noon, as part of cost cuts an­nounced ear­li­er this year.

The DNA se­quenc­ing com­pa­ny de­clined to dis­close how many em­ploy­ees will be let go. But Il­lu­mi­na said an­oth­er round of lay­offs is ex­pect­ed in the third quar­ter.

In April, End­points News re­port­ed that Il­lu­mi­na was look­ing at per­son­nel costs as part of a $100 mil­lion plan to cut ex­pens­es. Lay­off plans, ac­cord­ing to sources, have been par­tic­u­lar­ly con­tro­ver­sial with­in the com­pa­ny af­ter a near dou­bling of pay for for­mer CEO Fran­cis deS­ouza, who last year re­ceived $26.7 mil­lion in com­pen­sa­tion. DeS­ouza stepped down ear­li­er this month, af­ter ac­tivist in­vestor Carl Ic­ahn gained a foothold on Il­lu­mi­na’s board in a proxy fight.

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