23andMe Announces Business Restructuring to Streamline

Nov 11, 2024 · 23andMe Announces Business Restructuring to Streamline Operations, Reduce Costs and Position Company for the Future November 11, 2024 17:30 ET | Source: 23andMe, …

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Struggling Genetic Testing Company 23andMe To Lay Off 40% Of …

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Nov 12, 2024 · On Thursday, genetics-led consumer healthcare company 23andMe Holding Co. (NASDAQ:ME) announced a business restructuring to streamline operations and reduce …

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23andMe Mass Layoffs, Restructuring Are Latest Blow For DNA Tester ...

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Nov 12, 2024 · The layoffs are expected to result in $12 million in severance, termination, and transition-related costs and are part of a broader plan to streamline the business and achieve …

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23andMe Cuts Headcount By 40%, Drops Drug Discovery Work

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Nov 12, 2024 · Genetic testing company 23andMe announced on Monday that it will discontinue its development of new therapies, instead focusing on its genetic testing services and …

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23andMe To Reduce Overall Headcount By 40% Of Workforce

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Nov 11, 2024 · 23andMe Holding “announced a business restructuring to streamline operations and reduce costs. In addition, 23andMe is discontinuing further development of all its …

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23andMe To Lay Off 40% Of Its Workforce, Or Around 200 Employees

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Nov 12, 2024 · Bay Area genetic testing company 23andMe announced Monday that it plans to lay off 40% of its workforce as part of a broader restructuring effort aimed at cutting costs and …

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23andMe Announces Business Restructuring To Streamline …

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Nov 11, 2024 · 23andMe announced a significant business restructuring, including the discontinuation of its therapeutics division and a 40% workforce reduction affecting over 200 …

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23andMe Cuts 40% Of Its Workforce - Fox Business

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Nov 12, 2024 · Genetics testing company 23andMe is trimming its headcount by 40%. The company said it is undergoing a restructuring to "streamline operations and reduce costs."

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23andMe Reduces Workforce By 40% (NASDAQ:ME) - Seeking Alpha

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Nov 11, 2024 · 23andMe announces significant business restructuring to streamline operations and reduce costs, including laying off 40% of its workforce.

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FAQs about 23andMe Announces Business Restructuring to Streamline Coupon?

Will 23andMe continue to drive recurring revenue?

Wojcicki said Tuesday in 23andMe’s quarterly earnings release that the company "will continue to prioritize driving recurring revenue through our subscription business, in addition to growing our research partnership business as we look to the future." CLICK HERE TO READ MORE ON FOX BUSINESS ...

What happened to 23andMe?

On Thursday, genetics-led consumer healthcare company 23andMe Holding Co. (NASDAQ: ME) announced a business restructuring to streamline operations and reduce costs. In addition, 23andMe is discontinuing the further development of all its therapeutic programs while evaluating strategic alternatives for its clinical and preclinical assets. ...

How much will 23andMe's restructuring cost?

The company said the restructuring will cost up to $12 million. Overall, the company will see over $35 million in annualized savings from the restructuring and its associated "substantially" reduced operating expenses. 23andMe also said its therapeutics development will end. ...

Why is 23andMe restructured?

“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,” said Anne Wojcicki, 23andMe’s CEO, Co-Founder, and Chair of the Board. “I want to thank our team for their hard work and dedication to our mission. ...

Why did 23andMe get a job cut?

The job cuts come as 23andMe seeks to undergo a restructuring that the company said will "streamline operations and reduce costs." "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," CEO Anne Wojcicki said. ...

How much will 23andMe cost?

The company expects to incur up to $12 million in costs and expenses. “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,” said Anne Wojcicki, 23andMe’s CEO, Co-Founder, and Chair of the Board. ...