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526 23andMe To Lay Off 40% of Its Workforce, Discontinue All Therapy Programs

Slashdot
BeauHD @ Slashdot · 11/12/2024 17:50 EDT

23andMe To Lay Off 40% of Its Workforce, Discontinue All Therapy Programs

The genetic testing company 23andMe announced it will cut 40% of its workforce, or 200 jobs, and halt the work on therapies it was developing. As the BBC notes, the company is fighting for survival after hackers gained access to personal information of millions of its users, causing the stock to crater by more than 70%. All seven of its independent directors also resigned in September, following a protracted negotiation with founder and Chief Executive Anne Wojcicki over her plan to take the company private

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