23andMe cuts 40% of its workforce and discontinues therapeutics ...

Nov 12, 2024  · NEW YORK (AP) — 23andMe is laying off 40% of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing …


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23andMe Cuts 40% Of Its Workforce And Discontinues Therapeutics ...

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Nov 12, 2024  · NEW YORK (AP) — 23andMe is laying off 40% of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing …

apnews.com

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23andMe Announces Layoffs Totaling 40% Of Workforce, …

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Nov 12, 2024  · 23andMe 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 …

cbsnews.com

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23andMe Cuts 40% Of Its Workforce, Discontinues All Therapy …

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Nov 11, 2024  · Genetic testing firm 23andMe said on Monday it is reducing about 40%, or 200 employees, from its workforce and discontinuing further development of all its therapies as …

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23andMe Lays Off 40% Of Its Workforce, Ends Therapeutics Division

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Nov 13, 2024  · 23andMe ended the quarter with cash and cash equivalents of $127 million US, compared with $216 million US as of March 31, 2024. 23andMe is laying off 40 per cent of its …

cbc.ca

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DNA Testing Giant 23AndMe Terminates 40% Of Its Workforce Amid …

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3 days ago  · DNA-testing giant 23AndMe is laying off 40 percent of its workforce, amounting to about 200 employees who will soon be out of a job.The company will also be discontinuing its …

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23andMe Layoffs Cut 200 Employees - USA TODAY

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Nov 12, 2024  · 1:34. Nov 11 (Reuters) - Genetic testing firm 23andMe ME.O said on Monday it is reducing about 40%, or 200 employees, from its workforce and discontinuing further …

usatoday.com

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23andMe Cuts 40% Of Staff In Restructuring | TechCrunch

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Nov 12, 2024  · Maxwell Zeff. 2:51 PM PST · November 12, 2024. 23andMe announced on Monday it would cut 40% of its workforce, representing more than 200 employees, as part of a …

techcrunch.com

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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 …

sfchronicle.com

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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 …

yahoo.com

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23andMe To Cut 40% Of Workforce, End Therapeutics Program

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Nov. 11 (UPI) -- Genetic-testing lab 23andMe plans to cut its workforce by 40% and end its therapeutics program in an effort to cut costs, the company announced Monday. The layoffs …

upi.com

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23andMe Cuts 40% Of Its Workforce - Fox Business

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Nov 12, 2024  · Genetics testing company 23andMe said on Monday that it is cutting its headcount by 40%, or more than 200 employees. The job cuts come as 23andMe seeks to undergo a …

foxbusiness.com

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23andMe Lays Off 40% Of Its Workforce As Company Spirals

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Nov 12, 2024  · 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 …

gizmodo.com

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23andMe Layoffs: Company To Cut 200 Jobs - KRON4

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Nov 11, 2024  · Genetic testing firm 23andMe announced on Monday that it will be slashing its workforce by 40%. The job cuts, according to a news release from the South San Francisco …

kron4.com

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23andMe Lays Off 40% Of Workers, Reports Losses Amid Uncertain

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Nov 14, 2024  · (NewsNation) — Genetic testing company 23andMe has faced a series of struggles this year, culminating in end-of-year mass layoffs — 40% of the company’s …

yahoo.com

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23andMe To Lay Off 40% Of Staff In Desperate Restructuring Effort

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Nov 12, 2024  · On Monday, the company announced that it has decided on a restructuring plan to help reduce expenses. A significant part of the downsizing is eliminating around 200 positions, …

techspot.com

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South SF-based Genetic Testing Company Laying Off 40% Of …

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Nov 12, 2024  · A sign in front of the 23andMe headquarters on Feb. 1, 2024, in Sunnyvale, Calif. Genetic testing company 23andMe is laying off 40% of its workforce, the company announced.

sfgate.com

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23andMe Lays Off 40% Of Staff, Shuts Drug Development Business …

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D NA-testing company 23andMe said on Monday that it was firing roughly 40% of its workforce, more than 200 people, as Chief Executive Anne Wojcicki seeks to stabilize her money-losing …

msn.com

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23andMe Announces Major Layoffs Amid Financial Struggles

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Nov 12, 2024  · 23andMe was valued at $5.8 billion at its peak in 2021 but dropped to less than $150 million after a series of challenges it faced in recent years. In 2023, the company …

cybernews.com

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23andMe Is Laying Off 40% Of Its Workforce Right Before The …

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Nov 12, 2024  · 23andMe is laying off 40% of its workforce, or more than 200 employees, as it tries to slash costs (AFP/Getty Images) After more than a month with Wojcicki left as the sole …

independent.co.uk

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23andMe To Lay Off 40% Of Its Workforce As Stock Price Plummets

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Tue, November 12, 2024, 4:57 PM PST. The genetic testing company 23andMe is cutting 40% of its workforce and ending its therapeutics program as its stock price continues to plummet. …

yahoo.com

FAQs about 23andMe cuts 40% of its workforce and discontinues therapeutics ... Coupon?

Why is 23andMe laying off 40% of its employees?

(AP Photo/Jeff Chiu, File) NEW YORK (AP) — 23andMe 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. The latest restructuring efforts were announced by 23andMe on Monday. ...

Is 23andMe reducing its workforce?

Nov 11 (Reuters) - Genetic testing firm 23andMe ME.O said on Monday it is reducing about 40%, or 200 employees, from its workforce and discontinuing further development of all its therapies as part of a restructuring program. ...

Why is 23andMe cutting 40% of its workforce?

The genetic testing company 23andMe is cutting 40% of its workforce and ending its therapeutics program as its stock price continues to plummet. CBS News correspondent Carter Evans has more on what this means for its customers. ...

Will 23andMe layoffs affect remote workers?

A spokesperson for 23andMe told SFGATE that the layoffs will affect workers across the nation, including remote workers, and the severance packages will depend on employees’ location and tenure. ...

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. ...

Will 23andMe's restructuring save $35 million a year?

After this round of cuts, that number falls to about 300. It said Monday’s restructuring would save $35 million annually. 23andMe’s stock has continued to fall to new lows, and the company’s market capitalization has fallen below the $170 million of cash that it reported on its balance sheet at the end of June. ...

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