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 division as the struggling genetic testing company attempts to slash costs. The latest restructuring efforts were announced by 23andMe ...
South SF-based genetic testing company laying off 40% of workforce
23andMe, a popular South San Francisco-based genetic testing company, is laying off 40% of its workers after struggling with dismal earnings and a chaotic data breach. The company is scrapping approximately 200 employees, 23andMe announced in a Monday news release, which is expected to save the business more than $35 million.
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 streamline operations and reduce costs. In addition, 23andMe is discontinuing the further development of all its therapeutic programs while evaluating strategic alternatives for its clinical and preclinical assets.
Concerns about 23andMe's business prospects is raising questions about the genetic testing company's customer data.
The financial struggles of genetic testing and ancestry company 23andMe are raising questions about the security of customers ...
The familial trend, it turned out, was linked to a genetic mutation. That meant Bill might also be at risk for the disease.
Recent advances in genetic testing technology have transformed personal health care from general guidelines to precise, ...
In the years since his diagnosis, he's recovered and become an advocate, namely for genetic testing. "It's about being ...
Increased awareness of genetic testing’s role in disease prevention is driving market growth. Saudi Arabia's genetic ...
Myriad Genetics and agency partner S50 Health educated OBGYNs and their patients in a campaign called “Getting Ahead of ...
The Human Genome Project should receive partial credit for giving us the technological advancement and innovation necessary ...
In yet another blow to the DNA-testing industry, Atlas Biomed, a London-based genetic firm with links to Russia, has disappeared without any warning.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback