Latest in 23andMe cuts 40% of its workforce and discontinues therapeutics division
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23andMe cuts 40% of its workforce and discontinues therapeutics division
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 costsHealth - ABC News - November 12 -
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.Business - MarketWatch - November 12 -
Genetic testing firm 23andMe cuts 40% of its workforce amid financial struggles
Company says it will cut about 200 employees as value plummets in aftermath of huge data breach. The genetic testing firm 23andMe said on Monday it would cut about 40%, or 200 employees, from its ...World - The Guardian - November 12 -
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 ...Top stories - CBS News - November 12 -
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 announced a cost-cutting plan.Business - CNBC - November 12 -
DNA-testing site 23andMe to lay off 40% of its workers
The once-popular general DNA-testing firm holds a trove of sensitive genetic data from its customers.Top stories - BBC News - November 12 -
23andMe Lays Off 40 Percent of its Staff, Ends All Therapy Programs
As founder and CEO Anne Wojcicki struggles to take the company private, 200 jobs are cut as part of its restructuring plan.Business - Inc. - November 12 -
The Associated Press says buyouts and some layoffs are ahead as it seeks to cut its workforce by 8%
The Associated Press says it is looking to cut 8% of its workforce, primarily through buyouts, and employees eligible to leave their jobs would begin getting notificationsEntertainment - ABC News - 2 days ago -
Beyond Inc. to Cut Workforce by About 20%
Beyond Inc. is cutting about 20% of its workforce as part of broader review of its cost structure, which comes after the company invested about $65 million in two retailers to help restore Bed Bath ...Business - The Wall Street Journal - October 22 -
Dropbox to cut 20% of workforce as it moves to boost growth
Dropbox Inc.’s stock rose 3.9% Wednesday after the online-storage platform said it expects third-quarter earnings to meet or beat guidance for revenue and other metrics but also said it’s cutting ...Business - MarketWatch - October 30 -
23andMe Lays Off 40% of Staff, Shuts Drug Development Business
The genetics company is closing a unit that was once seen as core to its future.Business - The Wall Street Journal - November 11 -
23andMe warns of ‘substantial doubt’ over its survival without new funding
Once-hyped genetic start-up issues latest guidance after reporting further quarterly revenue declinesBusiness - Financial Times - November 12 -
Georgia prepares for a divisive election which could determine its future in Europe
The South Caucasus country of Georgia will go to the polls Saturday in a parliamentary election many citizens believe may be the most crucial vote of their lifetimesWorld - ABC News - October 25 -
23andMe’s stock falls after company says there’s substantial doubt it can stay in business
Shares of 23andMe fell 4% Tuesday after the DNA-testing company reported its latest quarterly loss and included “going concern” language in its financial statements, shedding gains made late Monday ...Business - MarketWatch - November 12 -
Sheetz is cutting gas prices by 40 cents a gallon before Thanksgiving
As millions of Americans get ready to hit the road ahead of the Thanksgiving holiday, Sheetz is offering a deal on fuel.Top stories - CBS News - 17 hours ago -
Inside the fall of 23andMe
Once worth $6 billion, 23andMe has lost 98% of its value and is on the verge of being delisted from the Nasdaq. So what happened?Business - CNBC - October 23 -
Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
Nissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory balloonedWorld - ABC News - November 7 -
FuelCell Energy to cut 17% of its staff as part of a global restructuring plan
FuelCell Energy to cut its workforce by 17% as part of a cost-cutting plan, amid slower-than-expected investments in clean energy.Business - MarketWatch - 5 days ago -
Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say
Many market watchers predicted a bearish year ahead for crude.Business - CNBC - November 13 -
Man United makes its worst league start in almost 40 years after 1-1 draw with Chelsea
Moises Caicedo’s stunning long-range volley has secured a 1-1 draw for Chelsea against Manchester United in the Premier LeagueSports - ABC News - November 3 -
Merger activity is down 40% from its peak. Citigroup CEO Jane Fraser sees a ‘big unlock’ ahead.
The future could see more megamergers, middle-market deals and initial public offerings.Business - MarketWatch - November 13 -
Super Micro files plan for its delayed reports, names new auditor; stock soars 40%
Super Micro’s stock rallies after news that staves off delisting — at least for now.Business - MarketWatch - 2 days ago -
Starbucks will discontinue Oleato olive oil drinks at U.S. cafes in early November
New CEO Brian Niccol has pledged to simplify the Starbucks menu.Business - CNBC - October 30 -
Starbucks will discontinue Oleato olive oil drinks at U.S. cafes
Starbucks’ controversial line of olive oil-infused drinks will leave U.S. stores in early November.Top stories - NBC News - October 30 -
Fed goes quiet ahead of its Nov. 7 meeting, with quarter-point cut seen as likely
The central bank isn’t likely to change its mind, even with two key data points and presidential election coming before their meeting, economists saidBusiness - MarketWatch - October 28 -
Ryanair warns air travel tax rises mean 10% of its UK flights could be cut
CEO Michael O’Leary says decision to raise passenger duty ‘will deliver cuts, not growth’Business - Financial Times - November 1 -
Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade
Sweden’s central bank has cut its key interest rate by half a percentage point to 2.75% in what was described as the largest reduction in over a decadeWorld - ABC News - November 7 -
Dutch appeals court overturns landmark ruling that ordered energy firm Shell to cut its carbon emissions by 45% by 2030
Dutch appeals court overturns landmark ruling that ordered energy firm Shell to cut its carbon emissions by 45% by 2030World - ABC News - November 12 -
Tech giants are investing in 'sovereign AI' to help Europe cut its dependence on the U.S.
Tech giants are investing in the development of "sovereign" AI models in Europe to reduce the region's dependence on largely U.S.-controlled infrastructure.Business - CNBC - November 14 -
Ford’s troubles continue. Its stock price slumps as automaker plans job cuts
Ford outlined plans to lay off 4,000 employees in the U.K. and Germany in response to a series of losses it blamed on unprecedented competitive, regulatory and economic headwinds in Europe’s car ...Business - MarketWatch - 23 hours ago -
Men over 70 are flooding back into the workforce
The headline figure of 12,000 jobs from the latest labor-market report is getting all the attention — but as usual, the much more interesting stuff is buried in the fine print.Business - MarketWatch - November 2 -
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?Top stories - BBC News - November 3 -
Watch: Biden speaks at White House workforce summit
President Biden, with just over two months left in office, spoke at a White House event Wednesday focused on the administration's "Investing in America" agenda. Biden and first lady Jill Biden are ...Politics - The Hill - November 13 -
‘Robot revolution’ forces China’s human workforce to adapt
Factory machinery is evolving fast. Can the workers who will use it keep up?World - Financial Times - November 14 -
Viking Therapeutics’ weight-loss pill shows ‘great outcome’ in trial
The stock, which enjoys the unusual position of having all buy ratings from the 13 analysts offering coverage on FactSet, has been on a tear this year, gaining 270% to date in 2024.Business - MarketWatch - November 4 -
Sage Therapeutics to end development of key therapy after a third trial failure
It was the third failed trial for the therapy, called dalzanemdor, which also failed to meet its goals in a Phase 2 trial as a treatment for mild cognitive impairment and mild dementia in ...Business - MarketWatch - Yesterday -
Viking Therapeutics is more than just a weight-loss stock, and that’s drawing cheers
The biotech’s liver-disease treatment is also viewed as best-in-class, earning it a full slate of buy ratings from analysts.Business - MarketWatch - 4 hours ago
