23andMe to cut 40% of workforce, end therapeutics program
23andMe also lost between $1 million and $2 million in "onetime expenses" last year related to a breach after hackers stole ancestry and personal data from 6.9 million customers. The October 2023 leak -- which compromised DNA data, birthdates, locations ...
23andMe to slash 40% of its workforce, end therapeutics program to cut costs
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.
23andMe cuts 40% of its workforce
Genetic testing firm 23andMe said on Monday it is reducing its overall headcount by over 200 employees or about 40% of the workforce, as part of a restructuring program. The company expects annualized cost savings of more than $35 million as a result of the restructuring.
23andMe to Cut Workforce by 40%, Discontinues Therapeutics Pipeline
The clinical trials 23andMe intends to wind-down include its two main therapeutic programs. The restructuring is expected to result in expenses of up to $12 million, and savings of more than $35 million per year,
23andMe Slashes Workforce By 40%, Ends Therapeutic Programs
Genetic testing company 23andMe announced that it would be slashing its workforce by 40%, which would mean rendering 200 employees jobless, as part of its restructuring initiative to cut costs. In a press release on Monday,
23andMe to slash 40% of workforce as it restructures and shutters therapeutics division
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 refocusing the company on its core business.
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Are You Eligible for Up to $10,000 from 23andMe's Data Breach Settlement?
Personal data of nearly half of the popular genetic testing company's customers -- 6.9 million people -- was exposed in the data breach.
DNA-testing site 23andMe to lay off 40% of its workers
The struggling genetic testing company 23andMe says it will cut 40% of its workforce, or 200 jobs, as it fights for survival.
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DNA-testing site 23andMe is slashing its workforce by 40%
23andMe's woes were further exacerbated by a data breach last year, wherein hackers gained access to personal ...
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Can I Delete My 23andMe Data? It's Complicated, but Here's How
A big data breach and deepening financial woes have sparked new concerns about the 23andMe's ability to protect the personal ...
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23andMe ends drug development and slashes staff
Me's big push into drug development, announced with great fanfare almost a decade ago, has ended with a whimper and sweeping ...
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23andMe data breach class-action lawsuit: What it entails and what to know about $30M settlement
Around a year ago, 23andMe had a data breach that led to 6.9 million profiles being accessible. Now, the company has agreed to pay a $30 million settlement after a class-action lawsuit was ...
Federal law could prevent your 23andMe data deletion, but you should still try
Requesting deletion closes your account permanently and prevents your data from being used in further research (existing ...
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23andMe Data Breach: Settlement Could Pay $10,000 to Data Breach Victims
After a data breach exposed the personal information of roughly half its userbase and led to simmering distrust with the popular ancestry service, 23andMe confirmed last month that it will ...
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23andMe data breach settlement could give up to $10K to victims
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23andMe To Pay Up To $10,000 To Data Breach Victims—Are You Eligible?
The settlement provides for three main types of compensation, with a maximum payout of up to $10,000 for specific claims ...