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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.

CNN on MSN · 2h

23andMe cuts 40% of its workforce, discontinues all therapy programs

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.

Wall Street Journal · 3h

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,

San Francisco Chronicle on MSN · 1h

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.

53mon MSN

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 ...

FierceBiotech5h

23andMe shutters cancer drug research programs, lays off 40% of staff

23andMe is shutting down its therapeutics development division, and plans to seek out buyers to find a new home for its ...

STAT1d

The end of 23andMe’s drug discovery dream

23andMe, the genetics startup that has repeatedly captured the public imagination and then faced nearly fatal business ...

23andMe Announces Business Restructuring to Streamline Operations, Reduce Costs and Position Company for the Future

Reduces workforce by roughly 40%; expects annualized cost savings of more than $35 millionDiscontinues development of therapeutics division and ...

11h

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 ...

23andMe layoffs: Company to cut 200 jobs ahead of holidays

Another Bay Area company has announced significant job cuts ahead of the holidays. Genetic testing firm 23andMe announced on ...

12don MSN

23andMe appoints new board members as it works to stem the company's slide

Me has appointed three new independent directors to its board.

11don MSN

23andMe appoints three former CFOs as new directors—after the previous board all resigned

On Tuesday, Wojcicki announced the new additions to 23andMe’s board: Andre Fernandez, a former CFO at WeWork, Inc., and NCR ...

CTV News1h

23andMe cuts 40 per cent of its workforce, discontinues all therapy programs

Genetic testing firm 23andMe said on Monday it is reducing about 40 per cent, or 200 employees, from its workforce and ...

Honolulu Star-Advertiser1d

23andMe cuts 40% of its workforce, stops therapy programs

Genetic testing firm 23andMe said today 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. ...

Yahoo Finance4d

CORRECTION - 23andMe to Report Q2 FY2025 Financial Results

SUNNYVALE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- An earlier release under the same headline should have noted 23andMe ...

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