Illumina Announces Job Layoffs After CEO Resignation, Icahn's Board Chess Game: What's Next?
Portfolio Pulse from Benzinga Staff
Illumina has initiated layoffs within its R&D team, affecting approximately 10% of the staff. The layoffs follow the resignation of CEO Francis deSouza amid pressure from activist investor Carl Icahn. Interim CEO Charles Dadswell will lead the company while a search for a new CEO is conducted.
June 26, 2023 | 10:54 pm
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Illumina's layoffs and CEO resignation may cause short-term uncertainty for the company's stock price.
The layoffs and CEO resignation at Illumina may cause short-term uncertainty for the company's stock price. Investors may be concerned about the company's direction and stability, especially given the involvement of activist investor Carl Icahn.
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