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 …

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

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Nov 12, 2024 · Last month, 23andMe completed a 1-for-20 reverse stock split. Shares were down nearly 4% by midday Tuesday, sitting at around $4.43. 23andMe is laying off 40% of its …

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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 Cuts 40% Of Workforce, Shuts Down Therapeutics Division

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6 days ago · The company ended the quarter with $127 million in cash, a decline from $216 million in March 2024. 23andMe, the popular genetic testing company, has announced it will …

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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 Cuts 40% Of Its Workforce And Discontinues Therapeutics …

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Nov 12, 2024 · By WYATTE GRANTHAM-PHILIPS, AP Business Writer Nov 12, 2024. NEW YORK (AP) — 23andMe is laying off 40% of its workforce, or more than 200 employees, and …

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

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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 ...

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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 …

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

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Nov 14, 2024 · 23andMe reported a quarter two loss on Tuesday of $59.1 million compared to a loss of $75.3 million for the same year prior. Trouble set in when, in 2023, hackers were able …

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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 …

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

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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. Therapeutics Division Shuts Down The shutdown of …

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

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Nov 12, 2024 · NEW YORK -- 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 …

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

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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 …

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Struggling 23andMe Makes ‘Difficult’ Decision To Cut Workforce …

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Nov 12, 2024 · Flailing genetics testing firm 23andMe is cutting over 200 jobs, or roughly 40% of its workforce. Its therapeutics division will also be shut down as the company’s “difficult but …

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23andMe Cuts 40% Of Workforce Amid Major Restructuring

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Nov 15, 2024 · The Cuts: The BBC reports that the company will reduce its workforce by 40%, expecting to save $35 million annually while incurring $12 million in severance and transition …

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23andMe Cuts 40% Of Workforce, Exits Therapeutics In Major Cost …

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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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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. ...

What happened to 23andMe?

(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 workforce — and declining sales. The biotech company, which collects consumers’ voluntarily submitted saliva in testing kits, announced the layoffs on Monday, impacting more than 200 employees. ...

Will 23andMe's layoffs save it $35 million?

The company says the layoffs will save it $35 million and come as it pivots to focus on its DNA testing services and research partnerships. But it’s not just staffing changes: 23andMe is also shutting down its entire therapeutics division, which had been working on using its genetic data to develop new drugs. ...

Why is 23andMe shutting down?

But it’s not just staffing changes: 23andMe is also shutting down its entire therapeutics division, which had been working on using its genetic data to develop new drugs. CEO Anne Wojcicki described the layoffs as “difficult but necessary” to ensure 23andMe’s long-term survival. ...

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. ...