23andMe cuts 40% of staff in restructuring | TechCrunch

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 …


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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 …

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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 …

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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 …

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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 - 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 …

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Struggling 23andMe Cuts 40% Of Workforce In Restructuring

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Nov 12, 2024  · Tiffany Hagler-Geard/Bloomberg via Getty Images. 23andMe is laying off 40 per cent of its workforce, or more than 200 employees, and discontinuing its therapeutics division …

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23andMe Layoffs Cut 200 Employees - USA TODAY

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Nov 12, 2024  · 0:00. 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 …

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

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12 November 2024. 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 ...

bbc.co.uk

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

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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 …

kob.com

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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 …

fortune.com

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A Comprehensive List Of 2024 Tech Layoffs | TechCrunch

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Nov 13, 2024  · 23andMe. Is cutting 40% of its ... CEO Chris Hyams wrote in a letter to staff. Motional. Cut around 40% of ... a spokesperson confirmed to TechCrunch, as part of a …

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

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Photo: Peter DaSilva/Reuters. DNA-testing company 23andMe ME 19.08% said on Monday that it was firing roughly 40% of its workforce, more than 200 people, as Chief Executive Anne …

wsj.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 …

reuters.com

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23andMe Announces Business Restructuring To Streamline

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Nov 11, 2024  · Reduces workforce by roughly 40%; expects annualized cost savings of more than $35 million. Discontinues development of therapeutics division and commences strategic …

globenewswire.com

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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 …

nasdaq.com

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23andMe To Slash 40% Of Its Workforce, End Therapeutics Program …

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Nov 12, 2024  · ME. 2.90%. DNA-testing company 23andMe Holding Co. will slash its workforce by about 40% and discontinue its therapeutics program as part of a restructuring effort to cut …

marketwatch.com

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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 …

businessinsider.com

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Rental Car Startup Kyte Slashes Staff And Shrinks To Two

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Oct 25, 2024  · Volk said Kyte recently cut between 40% and 50% of its workforce. The engineering, consumer, and growth product teams were among the most heavily affected, …

techcrunch.com

FAQs about 23andMe cuts 40% of staff in restructuring | TechCrunch 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. ...

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. ...

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. ...

Why did 23andMe slash its workforce?

Photo: AFP/Getty Images DNA-testing company 23andMe Holding Co. will slash its workforce by about 40% and discontinue its therapeutics program as part of a restructuring effort to cut costs, the company said Monday. The layoffs will affect about 200 employees, 23andMe said in a statement. ...

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. ...

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. ...

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