4 months ago
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The struggling genetic testing company 23andMe says it will cut 40 per cent of its workforce, or 200 jobs, as it fights for survival.
According to the BBC, the once-popular DNA-testing site will also halt work on therapies it was developing.
Last year, the company said hackers had managed to gain access to personal information of millions of its users.
23andMe’s share price has fallen by more than 70 per cent this year.
The company said it expected to incur one-off costs of US $12 million, including severance pay, for the plan that will result in savings of US $35 million.
English (US) ·