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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,
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.
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.
DNA-testing site 23andMe to lay off 40% of its workers
The struggling genetic testing company 23andMe says it will cut 40% of its workforce, or 200 jobs, as it fights for survival. The once-popular DNA-testing site will also halt work on therapies it was developing.
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 workforce, according to a press release Monday. The move is part of a restructuring that will see the company also halt the development of its therapeutics division which had been working on various potential medical treatments.
Orange County Register
2h
Genetic testing giant 23andMe cuts 40% of workforce, discontinues therapeutics division
Back in September, all of
23andMe
’s independent
directors
also resigned from its
board
— in a rare move that followed ...
6h
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 ...
Rolling Out
2h
23andMe cuts 40 percent of staff amid major business overhaul
In addition to workforce reductions,
23andMe
has also decided to discontinue its therapeutic ... The situation worsened in ...
11Alive
7h
23andMe announces layoffs, will cut 40% of workforce
Back in September, all of
23andMe
’s independent
directors
also resigned from its
board
— in a rare move that followed ...
Hosted on MSN
22h
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 ...
Black Enterprise
1h
23andMe Lays Off 40% Of Employees As Company Undergoes Restructuring
23andMe
's CEO called the decision to lay off 200 employees ... The suffering company faced another blow in September when its
board
of directors
resigned. The
board
’s seven members quit after ...
Benzinga.com
11h
Struggling Genetic Testing Company 23andMe To Lay Off 40% Of Its Workforce, Discontinues All Therapeutic Programs
In September, independent
directors
of the
Board
of
23andMe
sent a letter to Anne Wojcicki, Chief Executive Officer, Co ...
12d
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 ...
NBC Los Angeles
1d
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 ...
21h
23andMe to reduce overall headcount by 40% of workforce
Holding “announced a business restructuring to streamline operations and reduce costs. In addition, 23andMe is discontinuing ...
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