23andMe cuts 40% of its workforce, discontinues all therapy …

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, 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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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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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 Cuts 40% Of Its Workforce And Discontinues Therapeutics …

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6 days ago · 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 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 …

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23andMe Is Laying Off 40% Of Its Workforce Right Before The …

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5 days ago · 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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What 23andMe Business Troubles Could Mean For Millions Of Users ...

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4 days ago · The company announced Monday that it would lay off around 40% of its workforce -- about 200 employees -- and close its drug development arm in an attempt to cut costs.

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

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5 days ago · 23andme; 23andMe to lay off 40% of staff in desperate restructuring effort ... A significant part of the downsizing is eliminating around 200 positions, about 40 percent of …

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23andMe Cuts 40% Of Its Workforce And Discontinues …

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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 To Lay Off 40% Amid Restructuring - PressReader

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5 days ago · 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 …

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23andMe Cuts 40% Of Its Workforce - Fox Business

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5 days ago · 23andMe cuts 40% of its workforce About 200 people will lose their jobs in 23andMe's layoffs ... around 23andMe and share top stock picks. Genetics testing company …

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23andMe Lays Off 40% Of Its Workforce As Company Spirals

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5 days ago · 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.

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

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After months of financial challenges, data breaches, and leadership shakeups, the company has announced that it’s laying off 40 percent of its workforce—about 200 employees.

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FAQs about 23andMe cuts 40% of its workforce, discontinues all therapy … 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. ...

Does 23andMe have a restructuring plan?

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 40%, or 200 employees, from its workforce and discontinuing further development of all its therapies as part of a restructuring program. ...

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. ...

How much will 23andMe's downsizing cost the company?

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 save more than $35 million per year while only costing it a one-time operating expense of $12 million for severance packages and related costs. ...

Why did 23andMe resign?

All this comes after a pretty chaotic period for 23andMe. Last year, a major data breach exposed information from 6.9 million customers, leading to a $30 million settlement in a class-action lawsuit. Then, in September, all seven independent directors on the company’s board abruptly resigned over differences with Wojcicki on the company’s strategy. ...