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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.
DNA-testing site 23andMe to lay off 40% of its workers
The company was valued at roughly $3.5bn when it listed on the Nasdaq
stock
exchange in 2021 and its share
price
peaked at $17.65. But they have since tumbled and are currently trading at less than $5. Last December, the challenges facing
23andMe
mounted ...
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.
23h
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 ...
CNET on MSN
19h
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 ...
23h
23andMe reports sales decline day after announcing plans to cut 40% of workforce
Embattled genetic testing provider 23andMe said on Tuesday that revenue declined from a year earlier, a day after the company ...
23h
Struggling Genetic Testing Company 23andMe To Lay Off 40% Of Its Workforce, Discontinues All Therapeutic Programs
On Thursday, genetics-led consumer healthcare company 23andMe Holding Co. (NASDAQ:ME) announced a business restructuring to ...
10d
on MSN
DNA-testing site 23andMe fights for survival
Once millions used it to find out about their family histories - this week it was almost delisted. What went wrong?
2d
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 ...
The Hindu
5h
If 23andMe goes bust, what happens to its DNA database?
Since it was founded nearly two decades ago,
23andMe
has grown into one of the largest biotechnology companies in the world ...
FierceBiotech
1d
23andMe shutters cancer drug research programs, lays off 40% of staff
The company completed a 1-for-20 reverse
stock
split in mid-October. By the end of that month, it announced it had raised ...
18h
Stock Market Today: Dow ends down 380 points, S&P 500 snaps 5-day winning streak as Treasury yields surge ahead of CPI
S&P 500 eclipses 6,000 and Dow surpasses 44,000. Here’s why stocks could keep climbing. The price of bitcoin is falling after ...
23h
23andMe reports sales decline a day after announcing plans to cut 40% of workforce
Embattled genetic testing provider 23andMe said Tuesday that revenue declined from a year earlier, a day after the company ...
1d
on MSN
Richard Branson-backed 23andMe axes hundreds of jobs
Genetic testing company 23andMe, which is backed by Virgin billionaire Richard Branson’s VG Acquisition Corp, has revealed ...
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