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23andMe to lay off 40% of its workforce
23andMe to lay off 40% of its workforce as stock price plummets
The genetic testing company 23andMe is cutting 40% of its workforce and ending its therapeutics program as its stock price continues to plummet. CBS News correspondent Carter Evans has more on what this means for its customers.
23andMe cuts 40% of its workforce, discontinues all therapy programs
The company said it is evaluating strategic alternatives, including licensing agreements and asset sales, for its therapies in development.
23andMe cuts 40% of its workforce
Genetics testing company 23andMe is trimming its headcount by 40%. The company said it is undergoing a restructuring to "streamline operations and reduce costs."
Hosted on MSN
4h
With 23andMe Struck by Layoffs, Can You Delete Genetic Data? Here's What We Know
In the wake of a big data breach and a sizable new round of layoffs, concerns about the 23andMe's handling of sensitive ...
Orange County Register
3h
Genetic testing giant 23andMe cuts 40% of workforce, discontinues therapeutics division
NEW YORK —
23andMe
is laying off 40% of its workforce, or more than 200 employees, and discontinuing its therapeutics ...
7h
on MSN
23andMe is ending its cancer research program and slashing over 200 jobs
23andMe is laying off 40 percent of its employees, or over 200 workers, as the company attempts to recover from last year’s ...
Hosted on MSN
5h
23andMe to Cut 40% of Its Staff Amid Grim Financials
If you buy through affiliate links, we may earn commissions, which help support our testing. DNA testing company
23andMe
is ...
Yahoo
2h
What happens to customer data as 23andMe goes out of business?
Millions of people have sent their DNA to be analyzed by
23andMe
in order to learn their genealogy and risk for certain ...
NBC Los Angeles
1d
23andMe reports sales decline a day after announcing plans to cut 40% of workforce
23andMe
on Tuesday reported that second-quarter revenue fell to $44.1 million from $50 million a year earlier. The ...
4h
on MSN
23andMe is laying off 40 percent of its staff
More than 200 employees of 23andMe are being laid off as part of the company’s ongoing cost-cutting measures. The layoffs ...
8h
on MSN
23andMe’s stock turns lower after company posts its latest quarterly loss
Me Holding Co.’s stock turned down early Tuesday, after the DNA-testing company reported its latest quarterly loss, shedding ...
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