Latest in 23andMe to slash 40% of its workforce, end therapeutics program to cut costs
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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.Business - MarketWatch - November 12 -
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 -
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 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 -
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 -
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 - 4 days ago -
How the FedEx-UPS Price War Could Slash Year-End Costs for Small Businesses
Falling parcel volumes and fewer year-end shopping days, this year have led the two transporters to extend big price reductions to small business owners.Business - Inc. - November 8 -
Dropbox slashes 20% of global workforce, eliminating more than 500 roles
Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, according to CEO Drew Houston.Business - CNBC - October 30 -
Dropbox slashes 20% of global workforce, eliminating more than 500 roles
Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. The company is in a “transitional period” as its file sync ...Top stories - NBC News - October 30 -
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 -
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 - 2 days ago -
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 -
NYC to end debit card program for migrant families
New York City will end a pilot program that gave prepaid debit cards to migrant families to help them buy food. New York City launched the program earlier this year. It allowed migrant families to ...Politics - The Hill - November 8 -
Nissan Cuts 9,000 Jobs and Slashes C.E.O.’s Pay in Half
The Japanese automaker is carving deep cuts in its global operations as it struggles with a steep drop in sales.Business - The New York Times - November 7 -
Elon Musk handpicked by Trump to carry out slash-and-burn cuts plan
World’s richest man has been an enthusiastic cost-cutter – but he may find the public sector an entirely different beast. Donald Trump, president-elect of the US, announced on Tuesday that he has ...World - The Guardian - November 13 -
Trump wants a mass deportation program. How much could it cost?
One report estimates it would cost tens, or hundreds, of billions a year.Top stories - ABC News - November 1 -
Trump advisers contemplating cuts to Medicaid and other welfare programs
Further plans include blows to food stamps that could threaten millions of Americans to fund tax cut extensions . Donald Trump ’s economic advisers and congressional Republicans are discussing ...World - The Guardian - 4 days ago -
Will Trump Try to End the Public Service Loan Forgiveness Program?
There is widespread concern that President-elect Donald J. Trump may end it, since he has tried before. But that may be the wrong thing to fear.Business - The New York Times - November 14 -
How Trump, Harris propose cutting healthcare costs
The economy and healthcare are two of the top concerns for voters in this election cycle, and both tickets have promised to lower healthcare costs. When she introduced her economic agenda earlier ...Politics - The Hill - October 25 -
Volkswagen in Drive to Cut Costs as Earnings Plunge
The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.Business - The Wall Street Journal - October 30 -
Why mortgage costs are rising despite interest rate cut
Lenders have been raising the cost of fixed-rate deals creating a headache for buyers and those remortgaging.Top stories - BBC News - November 15 -
Meta slashes EU Facebook and Instagram subscription fees by 40% to meet regional regulatory demands
Meta cut the price of its ad-free subscription versions of Facebook and Instagram by 40% for EU users to comply with regulatory demands in the region.Business - CNBC - November 12 -
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 -
Volkswagen Could Close 3 Plants in Germany to Cut Costs
The auto maker’s top employee representative told workers that management planned to shutter factories for the first time in the company’s 87-year history.World - The New York Times - October 28 -
For First Time in 87 Years, Volkswagen May Close 3 Plants in Germany
The automaker’s top employee representative told workers that management planned to shutter the factories to cut costs amid slumping sales.Top stories - The New York Times - October 28 -
Spirit Airlines furloughs more pilots as part of efforts to cut costs
Spirit Airlines Inc. on Wednesday said it would furlough around 330 pilots early next year, the latest money-saving effort by the struggling discount carrier to stay afloat as it wrangles with ...Business - MarketWatch - October 31 -
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BT says UK Budget will lift costs by £100mn as it lowers revenue guidance
Chief executive Allison Kirkby calls increase a ‘new inflationary pressure that we need to suffer in our business’World - Financial Times - November 7 -
Rivian Reassures Investors With Cost Cuts, Green Credit Sales
Despite weak EV demand, the truck maker said it’s on track to make a gross profit in the last three months of the year.Business - Inc. - November 8 -
Deutsche’s private bank fires over 100 bankers in cost-cutting drive
Frankfurt-headquartered lender has imposed demanding targets on underperforming unitBusiness - Financial Times - November 11 -
Chris Wallace exits CNN as post-election cost-cutting begins
Wallace moved from Fox News to CNN in late 2021 to be a host on its short-lived streaming service. He hosts "Who's Talking to Chris Wallace?"Entertainment - Los Angeles Times - November 12 -
Continental Posts Higher Profit as Cost Cuts Offset Sales Pressure
The auto supplier reported improved quarterly earnings as cost cuts and strong results at its key divisions mitigated revenue pressures and weakness at its ContiTech unit.Business - The Wall Street Journal - November 11
