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 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 Cuts 40% Of Its Workforce, Discontinues All Therapy …

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Nov 11, 2024  · After Monday’s restructuring plan, the company expects annualized cost savings of more than $35 million. Genetic testing firm 23andMe said on Monday it is reducing about …

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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 Cuts 40% Of Staff In Restructuring | TechCrunch

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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 restructuring at the company. …

techcrunch.com

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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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What 23andMe Business Troubles Could Mean For Millions Of Users ...

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Nov 13, 2024  · The company is laying off 40% of its workforce. The financial struggles of genetic testing and ancestry company 23andMe are raising questions about the security of customers' …

go.com

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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 ...

bbc.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  · Struggling Genetic Testing Company 23andMe To Lay Off 40% Of Its Workforce, Discontinues All Therapeutic Programs. On Thursday, genetics-led consumer healthcare …

yahoo.com

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23andMe Cuts 40% Of Its Workforce – NBC Los Angeles

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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 …

nbclosangeles.com

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23andMe Mass Layoffs, Restructuring Are Latest Blow For ... - Fast …

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Nov 12, 2024  · Shares of DNA testing company 23andMe were up almost 6% after the embattled firm said it planned to lay off 40% of its staff. ... or roughly 40% of its workforce. The company …

fastcompany.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 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 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 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 …

yahoo.com

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

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Nov 12, 2024  · A significant part of the downsizing is eliminating around 200 positions, about 40 percent of 23andMe's workforce. The company estimates that the employment reduction will …

techspot.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. ...

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. ...

Is 23andMe firing a 40 percent of its employees?

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 business. ...

What's happening at 23andMe?

‘Barron’s Roundtable’ panelists discuss the latest headlines around 23andMe and share top stock picks. 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." ...

Why did 23andMe restructure?

The latest restructuring efforts were announced by 23andMe on Monday. The company said it plans to wind down ongoing clinical trials “as quickly as practical” — and that it was currently evaluating “strategic alternatives” for assets related to its drug development and research programs, which include studies on potential cancer treatments. ...

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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