Illumina to cut $100M in fiscal 2025 costs

Illumina to cut $100M in costs to cope with China ban
The San Diego company also lowered its financial guidance for 2025 in response to China’s import restrictions.
Illumina to Cut $100 Million in Costs, Lowers Guidance Because of China Sales Ban
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China Bans Imports of Illumina's Gene Sequencers Right After Trump Tariff Action
China accounts for about 7% of Illumina's sales. China's commerce ministry said in a statement that Illumina "violated the principle of normal market transactions, suspended normal transactions with Chinese enterprises and took discriminatory measures against Chinese enterprises, seriously harming the interest of Chinese enterprises.
Illumina guidance cut largely as expected, says Barclays
Barclays views Illumina’s (ILMN) guidance last night as largely as expected. The bulls are going to defend the stock on China being de-risked,
Illumina lowers guidance, cuts spending to mitigate China ban on its gene sequencers
Illumina lowered its adjusted profit outlook and cut spending cost for 2025 as the company grapples with Chinese ban on its gene sequencers. Read more here.
Trade War Fallout Prompts San Diego’s Illumina to Lower Outlook, Cut $100 Million in Costs
Illumina on Monday lowered its annual forecast and said it plans to cut $100 million in spending after China announced a ban on imports of its genetic sequencing instruments.
Illumina recorta plantilla en su sede de San Diego
La empresa local de secuenciación genética citó ahorros de costos para alinearse con su futura estrategia comercial.
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Gene-sequencing giant Illumina cuts workforce at San Diego headquarters
Gene-sequencing giant Illumina is laying off 96 employees from its San Diego headquarters, according to paperwork filed with the state. This workforce reduction comes at a time when Illumina is ...
As Trump’s New Tariffs Begin, China Retaliates Against San Diego’s Illumina
China announced a ban on Tuesday on imports of genetic sequencers from San Diego medical equipment maker Illumina, just minutes after U.S. President Donald Trump's additional 10% tariff on Chinese ...
Tariffs, Cut Funding Spur Illumina’s Worst Month in 23 Years
Illumina Inc. investors suffered back-to-back setbacks each week in February, putting the gene-sequencing company on track to ...