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 Cuts 40% Of Staff In Restructuring - TechCrunch

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Nov 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. The genetic testing …

techcrunch.com

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23andMe Lays Off 40% Of Its Workforce, Ends Therapeutics Division

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Nov 13, 2024  · 23andMe is laying off 40 per cent of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing company attempts …

cbc.ca

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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 …

cnn.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 …

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Struggling 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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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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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 …

pressdemocrat.com

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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 …

usatoday.com

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Struggling 23andMe Cuts 40% Of Workforce In Restructuring

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Nov 12, 2024  · 23andMe is laying off 40 per cent of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing company attempts …

globalnews.ca

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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 Mass Layoffs, Restructuring Are Latest Blow For DNA Tester ...

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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. ... has announced significant cuts to its …

fastcompany.com

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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 …

marketwatch.com

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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

techspot.com

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23andMe Cuts 40% Of Workforce, Shuts Down Therapeutics Division

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6 days ago  · 23andMe, the popular genetic testing company, has announced it will lay off 40% of its workforce, affecting over 200 employees, and shut down its therapeutics division as part of …

techstory.in

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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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US Biotech 23andMe Hits New Lows As Sequoia Capital Sells Down …

6 days from now

2 days ago  · Last week 23andMe announced plans to cut 40 per cent of its workforce as part of an aggressive restructuring plan intended to deliver annualised cost savings of $35mn.

ft.com

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

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. ...

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. ...

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. ...

Why is 23andMe downsizing?

Home genetics company 23andMe continues to struggle as demand for casual gene tracing declines. On Monday, the company announced that it has decided on a restructuring plan to help reduce expenses. A significant part of the downsizing is eliminating around 200 positions, about 40 percent of 23andMe's workforce. ...

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