The genetic testing company 23andMe laid off 100 employees on Thursday, which is around 14 percent of its workforce, as sales slump across the industry.
The genetic testing company 23andMe laid off 100 employees Thursday, which is about 14% of its workforce, as sales slump across the industry,The company's CEO, Anne Wojcicki, told CNBC that a downturn in the marketplace took her by surprise. She noted that privacy concerns could be one of the contributing factors for consumers."Privacy is top of mind," she told the outlet.
Since 2006, people have turned to 23andMe for spit testing kits that reveal their genetic backgrounds and predispositions for health issues. In 2018, the number of people who reported buying DNA tests doubled thanks in part to widespread TV and internet ads, according to the MIT Technology Review.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
23andMe Lays Off 14% Of Workforce Amid Declining DNA Test Sales23andMe laid off 100 people—14% of its workforce—today as the company struggles with declining DNA testing kit sales by rachsandl
Read more »
23andMe slashes 14% of workforce amid slump in DNA testing market23andMe, an at-home DNA testing company, is laying off 100 people, or about 14% of its workforce, the company confirmed to CNN Business on Thursday.
Read more »
14 Stylish Ways to Get Around the Big Bag, Little Bag DilemmaWhen it comes to bags, double up on these chic commuter bags in two sizes for maximum pleasure.
Read more »
14 Things Every Woman Needs to Know About Oral SexWhat is oral sex? Find out more about oral sex positions, oral sex tips, if you can get an STI from oral sex, and more.
Read more »
Trump says 'with me, there's no lying' -- and makes 14 false claims about impeachment and Ukraine'Now, with me, there's no lying,' President Trump said at a press conference in Davos, Switzerland, on Wednesday. That is itself not true. Trump made at least 14 false claims at the press conference and in interviews that aired Wednesday.
Read more »
See Kate Upton Breast-Feeding 14-Month-Old Daughter Genevieve: 'Full' HeartKate Upton breast-fed her and Justin Verlander’s 14-month-old daughter, Genevieve, in a sweet social media shot — take a look
Read more »