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The struggling genetic testing company 23andMe says it would lower 40% of its workforce, or 200 jobs, because it fights for survival.
The once-popular DNA-testing website may also halt work on therapies it was growing.
Last 12 months, the corporate mentioned hackers had managed to gain access to private data of thousands and thousands of its customers.
23andMe’s share value has fallen by greater than 70% this 12 months, as its co-founder and chief government Anne Wojcicki tries to show the enterprise round.
The firm mentioned it expects to incur one-off prices of $12m (£9.3m), together with severance pay, for the plan that can end in financial savings of $35m.
“We are taking these difficult but necessary actions as we restructure 23andMe and focus on the long-term success of our core consumer business and research partnerships,” Ms Wojcicki mentioned.
The firm additionally mentioned it’s contemplating what to do with the therapies it had in improvement, together with licensing or promoting them.
23andMe is a huge of the rising ancestor-tracing trade. It provides genetic testing from DNA, with ancestry breakdown and personalised well being insights.
In December final 12 months, 23andMe confirmed that hackers had accessed particulars of about 6.9 million of its customers.
In some circumstances this included household bushes, beginning years and geographic areas, the corporate mentioned. But the stolen knowledge didn’t embody DNA information, it mentioned.
Its clients included well-known names, from rapper Snoop Dogg to multi-billionaire investor Warren Buffett.
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