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23andMe cuts 40 percent of staff
23andMe cuts 40 percent of staff amid major business overhaul
In a significant move to stabilize its operations,
23andMe
has announced the layoff of 200 employees, representing a staggering 40 percent of its workforce. This decision, described by
CEO
Anne
Wojcicki
as “difficult but necessary,” comes as the ...
23andMe to Cut 40% of Its Staff Amid Grim Financials
The DNA testing kit company is also discontinuing new developments to its therapeutics program, which has been focused on using customers’ DNA data to aid in drug discovery.
23andMe is laying off 40 percent of its staff
More than 200 employees of 23andMe are being laid off as part of the company’s ongoing cost-cutting measures. The layoffs will impact 40 percent of the genetic testing company’s workforce. 23andMe CEO and co-founder Anne Wojcicki said in a statement released on Monday that the staff reduction would save the beleaguered company more than $35 million.
Hosted on MSN
15h
After its entire board resigned overnight, 23andMe will cut over 200 employees and its cancer research in an urgent bid to nurse the company back to health
“We are taking these difficult but necessary actions as we restructure
23andMe
and focus on the long-term success of our ...
16h
on MSN
23andMe cuts 40% of its workforce and discontinues therapeutics division
Me is laying off 40% of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the ...
8h
23andMe to lay off 40% of staff in desperate restructuring effort
Home genetics company 23andMe continues to struggle as demand for casual gene tracing declines. On Monday, the company ...
17h
on MSN
'Difficult but Necessary': 23andMe Is Cutting 40% of Its Workforce
In April 2023, 23andMe was targeted in a hack that exposed the personal data of 6.9 million customers. The company agreed to ...
13h
on MSN
23andMe cuts 40% of its workforce, discontinues all therapy programs
The company said it is evaluating strategic alternatives, including licensing agreements and asset sales, for its therapies ...
14h
23andMe cuts 40% of its workforce
Genetics testing company 23andMe is trimming its headcount by 40%. The company said it is undergoing a restructuring to ...
11Alive
16h
23andMe announces layoffs, will cut 40% of workforce
In a prepared statement,
23andMe
CEO
and co-founder
Anne
Wojcicki
said the company was "taking these difficult but ...
NBC Los Angeles
1d
23andMe reports sales decline a day after announcing plans to cut 40% of workforce
23andMe
on Tuesday reported that second-quarter revenue fell to $44.1 million from $50 million a year earlier. The ...
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