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23andMe cuts 40 percent of staff
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 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 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
10h
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 ...
Orange County Register
6h
Genetic testing giant 23andMe cuts 40% of workforce, discontinues therapeutics division
In a prepared statement,
23andMe
CEO and co-founder
Anne
Wojcicki
said the company was “taking these difficult but ...
3h
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 ...
8h
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 ...
4h
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 ...
9h
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 ...
8h
23andMe Lays Off 40% of Its Workforce as Company Spirals
The genetic testing company 23andMe announced it was laying off more than 200 employees, or roughly 40% of its entire ...
10h
23andMe reports sales decline day after announcing plans to cut 40% of workforce
Embattled genetic testing provider 23andMe said on Tuesday that revenue declined from a year earlier, a day after the company ...
6d
Nila Bala: The risks of sharing your DNA with online companies aren’t a future concern. They’re here now
DNA commodification is no longer a future concern; it’s a present reality. Beyond charging users for their services, some ...
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