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23andMe cuts 40% of staff
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 struggling genetic testing company attempts to slash costs.
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 "streamline operations and reduce costs."
23andMe cuts 40% of staff in restructuring
Me announced on Monday it would cut 40% of its workforce, representing more than 200 employees, as part of a restructuring at the company. “We are taking these difficult but necessary actions as we restructure 23andMe and focus on the long-term success of our core consumer business and research partnerships,
Yahoo Finance
6h
23andMe to lay off more than 200 employees amid business struggles
Wojcicki attempted to take
23andMe
private, proposing an official offer to the
board
of directors
in late July. However ...
CBC.ca
10h
23andMe lays off 40% of its workforce, ends therapeutics division
Back in September, all of
23andMe
's independent
directors
also resigned from its
board
— a rare move that followed ...
2h
What 23andMe business troubles could mean for millions of users' genetic data
No. 23andMe is considered a direct-to-consumer genetic testing company, and transactions with the company are considered commercial, not medical. Because 23andMe is not a medical company, customers' ...
NBC Los Angeles
2d
23andMe reports sales decline a day after announcing plans to cut 40% of workforce
Shares were hovering below $1 until
23andMe
announced a 1-for-20 reverse stock split in October. In September, all seven of ...
Hosted on MSN
1d
23andMe Lays Off 40% of Staff, Shuts Drug Development Business
DNA-testing company
23andMe
said on Monday that it was firing roughly ... The company announced two weeks ago that it had ...
BBC on MSN
1d
DNA-testing site 23andMe to lay off 40% of its workers
In another blow to the company, seven of
23andMe
’s eight-strong
board
resigned in September. The firm's independent ...
13d
on MSN
23andMe appoints three former CFOs as new directors—after the previous board all resigned
On Tuesday, Wojcicki announced the new additions to 23andMe’s board: Andre Fernandez, a former CFO at WeWork, Inc., and NCR ...
1d
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 ...
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