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 - Yesterday

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 - 2 days ago

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 costs

Health - ABC News - Yesterday

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 - 2 days ago

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 ...

Sage Therapeutics’ stock falls 4.7% as biotech unveils plan to cut 33% of workforce

More than 165 jobs to go as company seeks to extend cash runway and focus on postpartum drug launch.

Business - MarketWatch - October 17

Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines

KFC and Pizza Hut both reported steeper-than-expected declines in their same-store sales.

Business - CNBC - November 5

McKinsey Cuts Hundreds From China Workforce

The consulting firm is cutting back on state-linked clients and is working to separate its China operations

Business - The Wall Street Journal - October 17

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

Fed cuts interest rates days after election

The Fed cut interest rates by a quarter of a percentage point.

Kimberly-Clark’s stock falls after sales fall short, with declines in tissues and personal care

Shares of Kimberly-Clark Corp. fell 3.1% in premarket trading Tuesday, after the parent of consumer brands including Huggies diapers, Kleenex tissues and Scott toilet paper reported third-quarter ...

Business - MarketWatch - October 22

Nintendo Cuts Switch Sales Forecasts After Weak Results

The Japanese videogame maker cut its annual forecasts for Switch console and software sales after disappointing first-half results.

Business - The Wall Street Journal - November 5

Toyota Motor Cuts Sales Forecast After Quarterly Profit Halves

The Japanese auto giant cut its annual forecast for group vehicle sales after its second-quarter profit more than halved due partly to weaker sales globally.

Business - The Wall Street Journal - November 6

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.

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 - 2 days ago

Chapel Down shares plunge after winemaker pulls back on sale plans

England’s largest producer says it will remain independent and also downgrades sales guidance

World - Financial Times - October 25

Oil prices rise as U.S. supply posts a surprise decline, but trend ‘favors the bears’

Crude futures finished higher on Thursday for the first time in five sessions, supported in part by an unexpected decline in last week’s U.S. crude inventories, which followed sizeable back-to-back ...

Business - MarketWatch - October 17

McDonald’s suffers second straight decline in quarterly sales

US fast-food chain hit by weakness in international markets as it promotes more discount meals

Business - Financial Times - October 29

Tumblers sold at Wawa stores recalled after reports of cuts

The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.

E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain

E.l.f. Beauty raised its full year guidance after posting a 40% jump in sales.

Business - CNBC - November 6

Evening Report — Legacy media grapples with declining influence

Plus: Washington braces for Trump takeover {beacon} Evening Report © Dylan Buell, Getty Images file Traditional news media grapples with declining influence Legacy news outlets are grappling ...

Politics - The Hill - 5 days ago

Cisco reports fourth straight quarter of declining revenue

Cisco reported better-than-expected results for the latest quarter but revenue continues to shrink.

Business - CNBC - 16 hours ago

Bob Costas retires: Broadcaster stepping away from MLB play-by-play announcing after 44 years, per report

Costas, 72, called Game 4 of the ALDS between Yankees and Royals

Sports - CBS Sports - October 31

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. - 2 days ago

Rocket Lab stock surges almost 30% to near all-time high after company's Q3 results

Rocket Lab jumped in trading after the company reported third-quarter results.

Business - CNBC - 18 hours ago

Racist text messages reported in multiple states after Election Day

Officials in a number of states are responding to reports of racist texts received by residents in the days after the 2024 election.

The Day Before Dev's Kickstarter Canceled After Minimal Funding, Announces New Project

Fntastic, the developer behind the troubled game The Day Before , has canceled its Kickstarter campaign for Escape Factory due to a lack of interest. The game, which aimed to deliver a ...

Tech - GameSpot - October 23

McDonald's reverses U.S. same-store sales declines in the third quarter, but E. coli fallout looms

Shares of McDonald's have fallen 6% since its Quarter Pounder burgers were linked to a deadly E. coli outbreak.

Business - CNBC - October 29

McDonald’s posts biggest decline in global sales in four years

Amid sluggish spending in US, Europe and China, sales fell by 1.5% between July and September. McDonald’s has posted another bigger than expected drop in sales as demand continues to slow, despite ...

World - The Guardian - October 29

Nissan shares plunge over 10% after downbeat quarterly results, production-cut plans

The automaker posted disappointing second-quarter results and announced reductions in production and staff.

Business - CNBC - 6 days ago

Trudeau announces sharp cuts to Canada's immigration targets

The government says it "didn't get the balance quite right" when it bolstered immigration to address labour shortages.

Starbucks Shares Drop After Dismal Preliminary Quarterly Earnings

“We need to fundamentally change our strategy,” the coffee giant’s new chief executive said.

Business - The New York Times - October 23

GSK cuts vaccine sales target on reduced demand

U.K. drugmaker GSK on Wednesday cut its vaccine sales guidance for the year after what it called lower-than-expected demand.

Business - MarketWatch - October 30

Honda Motor Cuts Forecasts for Car Sales, Profit

The Japanese automaker cut its annual forecasts for car sales and net profit after posting a drop in first-half earnings due partly to weakness in its auto business in China.

Business - The Wall Street Journal - November 6

Middle East crisis live: Iran ‘not seeking war’, president says; protesters disrupt speech by Netanyahu

One killed and at least 29 injured after truck hits bus stop in Israel; protesters shout ‘shame on you’ as Israeli PM speaks at memorial ceremony for victims of Hamas attack. See all our Middle ...

World - The Guardian - October 27

Global biodiversity report shows "catastrophic decline" in wildlife populations

A shocking new report on global biodiversity is detailing what it calls "a catastrophic decline" in wildlife populations ahead of a major international conference on biodiversity.

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