23andMe Cuts 40% of Staff as Revenue Falls - MSN

23andMe Cuts 40% of Staff as Revenue Falls. ... Shares are down 75 percent, adding to last year’s 50 percent drop, which has cut 23andMe’s market cap down to around $100 million.

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23andMe Cuts 40% Of Staff As Revenue Falls - MSN

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23andMe Cuts 40% of Staff as Revenue Falls. ... Shares are down 75 percent, adding to last year’s 50 percent drop, which has cut 23andMe’s market cap down to around $100 million.

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23andMe Cuts 40% Of Staff In Restructuring - MSN

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23andMe cuts 40% of staff in restructuring. ... On Tuesday, 23andMe reported $44 million in revenue during the second quarter, a decline from $50 million during the same period last year.

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

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After this round of cuts, that number falls to about 300. It said Monday’s restructuring would save $35 million annually. ... 23andMe Lays Off 40% of Staff, ... 23andMe to Cut Workforce by 40%, ...

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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 To Lay Off 40% Of Staff In Desperate Restructuring Effort

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Nov 12, 2024 · 23andMe to lay off 40% of staff in desperate restructuring effort The company expects to save $35 million per year after these cuts By Cal Jeffrey November 12, 2024, 16:53

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

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Nov 11, 2024 · 23andMe cuts 40% of its workforce, discontinues all therapy programs. By Reuters. November 12, 2024 5:46 PM UTC Updated ago ... gaming drives 8% Q3 revenue …

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23andMe To Cut 40% Of Its Staff Amid Grim Financials - MSN

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DNA testing company 23andMe is laying off 200+ employees, or about 40% of its workforce. The job cuts are part of a business restructuring to reduce costs, 23andMe says. Along with …

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

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DNA-testing company 23andMe ME 19.08 % increase; green up pointing triangle said on Monday that it was firing roughly 40% of its workforce, more than 200 people, as Chief Executive Anne …

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23andMe Cuts 40% Of Staff, Shutters Drug Development Ahead Of …

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Nov 12, 2024 · 23andMe (ME) announced a 40% staff reduction and the shuttering of its drug development business, ahead of its Q2 FY25 print. The genetic testing company is laying off …

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

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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 …

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DNA-testing Site 23andMe To Lay Off 40% Of Its Workers - BBC

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Nov 12, 2024 · The struggling genetic testing company 23andMe says it will cut 40% of its workforce, or 200 jobs, as it fights for survival. ... as it reported that revenue had fallen to $44m …

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23andMe Layoffs Cut 200 Employees - USA TODAY

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Nov 12, 2024 · 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 …

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23andMe Reports Sales Decline A Day After Announcing Plans To Cut …

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Nov 12, 2024 · 23andMe on Tuesday reported declining revenue in its most recent quarter, a day after the company said it will cut 40% of its workforce and shutter its therapeutics business as …

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23andMe Cuts 40% Of Its Workforce - MSN

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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 restructuring …

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After Its Entire Board Resigned Overnight, 23andMe Will Cut

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Nov 12, 2024 · DNA-testing service 23andMe is making substantial efforts to nurse its feeble genetic core back to health. The company will lay off 40% of its workforce, over 200 …

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23andMe Cuts 40% Of Workforce As Its Core Consumer DNA …

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Nov 12, 2024 · 23andMe announced on Monday it would cut approximately 40% of its workforce, impacting over 200 employees. ... reducing staff from over 800 to about 300. The cuts are …

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23andMe Cuts 40% Of Its Workforce – NBC Chicago

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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 …

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FAQs about 23andMe Cuts 40% of Staff as Revenue Falls - MSN Coupon?

Will 23andMe cut its workforce?

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. Last year, the company said hackers had managed to gain access to personal information of millions of its users. ...

Why is 23andMe laying off 200 employees?

DNA testing company 23andMe is laying off 200+ employees, or about 40% of its workforce. The job cuts are part of a business restructuring to reduce costs, 23andMe says. Along with layoffs, the company is discontinuing new developments to its therapeutics program, which has been focused on using customers’ DNA data to aid in drug discovery. ...

Does 23andMe have a restructuring program?

REUTERS/George Frey/File Photo Purchase Licensing Rights 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. ...

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. ...

Why is 23andMe cutting its headcount?

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 restructuring that the company said will "streamline operations and reduce costs." ...

Is 23andMe going out of business?

Reporting by Christy Santhosh in Bengaluru; Editing by Shailesh Kuber Our Standards: The Thomson Reuters Trust Principles. 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 part of a restructuring program. ...