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 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

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 ...

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 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 succumbs to a dismal genetic destiny

Was it nature or nurture? In the unhappy case of a DNA testing company and its sliding share price, the answer is both

Business - Financial Times - October 16

What to know about 23andMe private data collected amid company's financial issues

The DNA testing company 23andMe is facing serious financial concerns and has announced major restructuring. CBS News MoneyWatch correspondent Kelly O'Grady explains what happens to the private ...

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

23andMe customer? What to know about the privacy of your genetic data.

Concerns about 23andMe's business prospects is raising questions about the genetic testing company's customer data.

What 23andMe business troubles could mean for users' genetic data

The company is laying off 40% of its workforce and discontinuing its therapeutics division.

Stellantis to shutter and sell large testing facility amid cost-cutting efforts

Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.

Business - CNBC - October 18

Stellantis to sell, shutter large testing facility amid cost-cutting efforts

DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.

Volkswagen to cut Germany footprint amid broader industry struggles

World - Yahoo News - October 28

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?

Dutch appeals court overturns landmark ruling that ordered energy firm Shell to cut its carbon emissions by 45% by 2030

World - ABC News - 2 days ago

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

CVC seeks €700mn for its Italian pharma outsourcer Genetic

Private equity group hires advisers from Rothschild to help it sell majority stake

Business - Financial Times - 5 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 - 2 days ago

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

23andMe warns of ‘substantial doubt’ over its survival without new funding

Once-hyped genetic start-up issues latest guidance after reporting further quarterly revenue declines

Business - Financial Times - 2 days ago

Will a big firm managing your money boost your odds of financial success?

Bigger may not be better — or it may be just what you need — but there are other factors.

Business - MarketWatch - 3 hours ago

KKM Financial's Essential 40 stock fund is now an ETF

Many asset managers have been converting their mutual funds to ETFs in recent years, due in part to a 2019 SEC rule change.

Business - CNBC - October 21

Top UK law firms raise hourly rates by 40% in five years

Inflation and growth of US firms in London push up charges at British counterparts, according to PwC survey

Business - Financial Times - October 20

Giants to stick with Banks, Jones amid struggles

After coming under fire again for questionable play, Giants CB Deonte Banks will start vs. the Commanders after being benched, while Daniel Jones will remain QB1.

Sports - ESPN - October 29

Bears fire embattled OC Waldron amid struggles

Shane Waldron has been fired as the Bears' offensive coordinator after less than 10 months on the job.

Sports - ESPN - Yesterday

OU president, AD back Venables amid struggles

The University of Oklahoma's president and athletic director gave football coach Brent Venables a vote of confidence on Tuesday after the school's board of regents meeting.

Sports - ESPN - Yesterday

Trump Keeps Promising New Tax Cuts. Other Republicans Are Wary.

Former President Donald J. Trump’s costly tax agenda undermines the changes he signed into law in 2017. Some Republicans are wary.

Business - The New York Times - October 17

Brewers Struggle as Drinkers Cut Back on Beer Worldwide

Consumers around the world are drinking less beer, putting brewers in a bind.

Business - Inc. - October 31

Immigration cuts: Why prime ministers keep failing to meet their targets

Promises on net migration have been made for 15 years - but few kept them

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 - Yesterday

‘There is no money’: Cuba fears total collapse amid grid failure and financial crisis

Repeated blackouts leave residents concerned about food, water supply and Cuba’s future. Maria Elena Cárdenas is 76 and lives in a municipal shelter on Amargura Street in Havana’s colonial old ...

World - The Guardian - October 26

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