RSUs really gone for good? Did Jacob actually say we’re doing away with them permanently as part of comp? WTF.
If there was ever any doubt ILMN is a coffin, this nails it shut. From here on out you’re expected to take below-market comp for the “privilege” of working in that coffin. The mission is now supposed to replace equity ---- which here is maybe 10% of comp, while at other companies RSUs make up 50–80%.
Looking forward to walking among the living soon.