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 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 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 …

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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 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 …

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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 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. …

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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 biotechnology company 23andMe has announced layoffs of approximately 40% of its workforce, or about 200 people, just before the holidays. Bay Area …

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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 …

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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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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 To Cut 40% Of Workforce, End Therapeutics Program - MSN

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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 Slashes Workforce By 40%, Ends Therapeutic Programs

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Published 11/12/24 AT 2:50 AM EST. AFP. Genetic testing company 23andMe announced that it would be slashing its workforce by 40%, which would mean rendering 200 employees jobless, …

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23andMe Cuts 40 Percent Of Its Workforce And Discontinues …

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Nov 12, 2024  · Advertisement. 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 Ends Drug Development And Slashes Staff

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Nov 12, 2024  · The restructuring comes after a turbulent period at 23andMe, with a steep decline in its ... The workforce reductions, which aim to slash annual costs by $35 million, involve …

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

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Nov 12, 2024  · 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 …

equity-insider.com

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

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Nov 13, 2024  · 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. The layoffs will impact …

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

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Nov 12, 2024  · Last month, it made moves to rebuild its board and underwent a 1-for-20 stock split for its Class A and B shares. Once a booming consumer-health company, 23andMe went …

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23andMe Cuts 40% Of Its Workforce – NBC Bay Area

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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 …

nbcbayarea.com

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

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. ...

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?

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 will impact about 200 employees at the California-based firm and are expected to save the company about $35 million in annual costs. ...

Why did 23andMe stock drop 4%?

Shares were down nearly 4% by midday Tuesday, sitting at around $4.43. 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. ...

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." ...

What will 23andMe do for a 'limited time'?

For a "limited time," the company said it will look at "strategic options" like licensing agreements, asset sales and transactions to "maximize the value of its therapeutics program." 23ANDME AGREES TO PAY $30M TO SETTLE LAWSUIT OVER 2023 DATA BREACH ...

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