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 ...

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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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Struggling Genetic Testing Company 23andMe To Lay Off 40% Of …

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5 days ago · 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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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 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 …

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Struggling 23andMe Cuts 40% Of Workforce In Restructuring

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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 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' …

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

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5 days ago · 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 off …

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South SF-based Genetic Testing Company Laying Off 40% Of …

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5 days ago · Justin Sullivan/Getty Images. 23andMe, a popular South San Francisco-based genetic testing company, is laying off 40% of its workers after struggling with dismal earnings …

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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. The …

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

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16 hours ago · The company ended the quarter with $127 million in cash, a decline from $216 million in March 2024. 23andMe, the popular genetic testing company, has announced it will …

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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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Genetic Testing Firm 23andMe Cuts 40% Of Its Workforce

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5 days ago · PressReader. Catalog; For You; The Guardian (USA) Genetic testing firm 23andMe cuts 40% of its workforce amid financial struggles 2024-11-13 - Johana Bhuiyan and agencies …

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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. ...

Does 23andMe have a DNA security problem?

The financial struggles of genetic testing and ancestry company 23andMe are raising questions about the security of customers' DNA and other data. 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. ...

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. ...

Will 23andMe refocus on personalized DNA testing?

The October 2023 leak -- which compromised DNA data, birthdates, locations and profile photos -- impacted nearly half of 23andMe's 14 million customers. While the consumer genetics company also offers research programs for cancer drugs, it plans to refocus on the personalized DNA and ancestry tests that first made it successful. ...

Will 23andMe replace its therapeutic program?

23andMe is also discontinuing its therapeutic program, which is focused on finding treatments, such as drug developments, for various diseases by studying human genetic data. Though there’s no specific timeline for replacing the therapeutic program, the release said, the company will “wind-down its ongoing clinical trials as quickly as practical.” ...