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

5 days ago  · 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 ...

1 week from now

5 days ago  · 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, Shutters Drug Development Ahead Of …

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5 days ago  · 23andMe 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 Lays Off 40% Of Staff, Shuts Drug Development Business

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5 days ago  · DNA-testing company 23andMe ME-21.47 % decrease; red down pointing triangle said on Monday that it was firing roughly 40% of its workforce, more than 200 people, as Chief …

wsj.com

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23andMe Cuts 40% Of Workforce As Its Core Consumer DNA …

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6 days ago  · 23andMe announced on Monday it would cut approximately 40% of its workforce, impacting over 200 employees. The restructuring includes closing its drug development arm, …

msn.com

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

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The cuts, announced on Monday, came just a day before the company reported a drop in revenue for its latest quarter. Revenue fell to $44.1 million from $50 million last year, and while the net ...

msn.com

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23andMe Layoffs Cut 200 Employees - USA TODAY

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5 days ago  · 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 …

usatoday.com

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23AndMe To Lay Off 40% Of Staff - Yahoo

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5 days ago  · The genealogy company’s CEO announced over 200 employees will be let go and it will also shutter its drug-development arm. ... 23AndMe to lay off 40% of staff. ... Companies …

yahoo.com

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23andMe Layoffs: Shutters Cancer Drug Research, Cuts 40% Of …

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6 days ago  · Consumer genetics company 23andMe has announced significant restructuring, including the closure of its therapeutics development division and a substantial layoff of more …

siliconvalleyjournals.com

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23andMe To Slash 40% Of Workforce As It Restructures And Shutters …

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The cuts are a significant part of 23andMe’s strategy to streamline operations, which also includes halting the development of its therapeutics programs and winding down ongoing clinical trials.

msn.com

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

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5 days ago  · And that’s why pharmaceutical companies wait for the USA universities to do the hard work for them

teamblind.com

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23andMe Reports Q2 EPS ($2.32) Vs ($3.17) Last Year - Nasdaq

1 week from now

5 days ago  · Try Now>>See today’s best-performing stocks on TipRanks >>Read More on ME:23andMe Cuts 40% of Staff, Shutters Drug Development Ahead of Q2 Print23andMe to …

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23andMe Cuts 40% Of Staff, Shutters Drug Development Ahead

1 week from now

Nov 11, 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...

tipranks.com

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

Is 23andMe reducing its workforce?

(Reuters) -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. ...

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. ...

What happened to 23andMe me?

Photo: Peter DaSilva/Reuters DNA-testing company 23andMe ME 2.17% 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. ...

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 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. ...

Why is 23andMe reshaping its operations?

23andMe is further streamlining its operations as it discontinues its pipeline of cancer-related therapeutic programs while it evaluates alternatives for its clinical and preclinical assets. ...

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