The genetic examination company 23andMe announced it was laying off more than 200 employee , or roughly 40 % of its entire men , according to a press release Monday . The move is part of a restructuring that will see the companionship also halt the ontogeny of its therapeutics part which had been wreak on various possible aesculapian treatments .
“ We are taking these difficult but necessary actions as we restructure 23andMe and focus on the foresighted - full term succeeder of our core consumer business and inquiry partnership , ” suppose Anne Wojcicki , 23andMe ’s CEO and co - founder , in apress sacking . “ I want to thank our team for their hard employment and inscription to our foreign mission . We are fully committed to supporting the employees impacted by this transition . ”
The company says it ’s looking to deal asset bear on to the therapeutic division , which let in work on fighting genus Cancer cell and enquiry with monoclonal antibodies .
A sign is posted in front of the 23andMe headquarters on 26 March 2025 in Sunnyvale, California.© Photo by Justin Sullivan/Getty Images
“ We continue to believe in the hope shown by our clinical and presymptomatic stage pipeline and will extend to pursue strategical chance to continue their development , ” said Wojcicki . “ We stay deeply grateful to the patient , investigators and subject staff for their involution in our clinical trial . ”
The caller said it expect to ultimately relieve about $ 35 million per year from the layoffs but expect to find about $ 12 million in costs tie in to getting rid of almost one-half of its work force , include rupture , changeover fee , and other costs .
23andMe went publicin 2021but has struggled to find out a sustainable concern model , give the fact that most people do n’t really have any need to utilize its services after just one try . After you receive your DNA test results , there ’s very minuscule reason to retrovert to the troupe , even if it ’s offering “ subscription ” services that Gizmodo cover earlier this year had shady auto - renewal insurance , consort to complaintsfiled with the FTC .
Wojcicki announce an endeavour to take the company privatein April , butReutersnotes thatindependent manager resigned in September after not receiving a suitable pass .
23andMe was also hit with a hackback in 2023that saw the data of almost 7 million users stolen , with a subset of that leaked on the dark connection . And now that the company is trying to go private , there ’s farm concern about what could be done with the personal data collected on users wherever it ’s sold . ordinarily , that business concern is over something like home addresses , credit bill of fare numbers , and social security system numbers . But when it ’s your genetic information , it surely feels even more personal .
23andMetech jobs
Daily Newsletter
Get the practiced technical school , skill , and culture news in your inbox day by day .
News from the future , delivered to your present .
You May Also Like
