---
schema_version: "secwatch.filing_event.v1"
accession: "0001110803-23-000048"
form_type: "8-K"
ticker: "ILMN"
cik: "0001110803"
company_name: "ILLUMINA, INC."
filed_at: "2023-06-26T23:59:59+00:00"
generated_at: "2026-06-13T16:51:16.922973+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Illumina cuts headcount and real estate to save >$100M in 2023

## Summary
- Headcount reduction began June 21, 2023, with further cuts expected in Q3.
- Annualized run-rate expense reduction target of more than $100 million in 2023.
- Estimated $25-35 million in charges for the reduction in force, mostly Q2 2023.
- Exiting i3 campus in San Diego ($60M asset) and evaluating Foster City campus ($186M).
- No estimate yet for real estate exit charges; will amend 8-K when estimable.

## SEC filing metadata
- accession: 0001110803-23-000048
- form_type: 8-K
- ticker: ILMN
- cik: 0001110803
- company_name: ILLUMINA, INC.
- filed_at: 2023-06-26T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1110803/000111080323000048/0001110803-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1110803/000111080323000048/ilmn-20230621.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001110803-23-000048
- JSON: https://secwatch.observer/filing/0001110803-23-000048.json
- Plain text: https://secwatch.observer/filing/0001110803-23-000048.txt

## Key facts
- Restructurings & Charges
  ILLUMINA, INC. announced a restructuring with charges of approximately $25 - $35 million (headcount reduction).
  - Type: restructuring
  - Charge: approximately $25 - $35 million
  - Headcount: headcount reduction
  source text: Company has committed to reduce its annualized run rate expenses by more than $100 million in 2023. The Company estimates that it will incur aggregate charges of approximately $25 - $35 million in connection with the reduction in force commenced on June 21, 2023, and additional reductions this year. The Company expects that the majority of these charges
  evidence_url: https://www.sec.gov/Archives/edgar/data/1110803/000111080323000048/0001110803-23-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.