{"id":124983,"date":"2024-11-12T13:37:51","date_gmt":"2024-11-12T06:37:51","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=124983"},"modified":"2024-11-12T13:37:51","modified_gmt":"2024-11-12T06:37:51","slug":"struggling-dna-testing-site-23andme-to-lay-off-40-of-its-workers","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=124983","title":{"rendered":"Struggling DNA-testing site 23andMe to lay off 40% of its workers"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.com\/news\/articles\/c4gm08nlxr3o\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">struggling genetic testing company 23andMe<!-- --><\/a> says it will cut 40% of its workforce, or 200 jobs, as it fights for survival.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The once-popular DNA-testing site will also halt work on therapies it was developing.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Last year, the company said hackers had managed to <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.com\/news\/technology-67624182\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">gain access<!-- --><\/a> to personal information of millions of its users.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">23andMe&#8217;s share price has fallen by more than 70% this year, as its co-founder and chief executive Anne Wojcicki tries to turn the business around.<!-- --><\/p>\n<\/div>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The company said it expected to incur one-off costs of $12m (\u00a39.3m), including severance pay, for the plan that will result in savings of $35m.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">&#8220;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,&#8221; Ms Wojcicki said.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The company also said it is considering what to do with the therapies it had in development, including licensing or selling them.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">23andMe is a giant of the growing ancestor-tracing industry. It offers genetic testing from DNA, with ancestry breakdown and personalised health insights.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Its customers include famous names, from rapper Snoop Dogg to multi-billionaire investor Warren Buffett.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">In December last year, 23andMe confirmed that hackers had accessed details of about 6.9 million of its users.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">In some cases this included family trees, birth years and geographic locations. But the stolen data did not include DNA records, it said.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The hackers logged into 23andMe accounts by using email and password details previously exposed by other breaches.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">They downloaded not only the data from those accounts but the private information of all other users they had links to across the family trees on the website.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">In June, data watchdogs in the UK and Canada announced investigations into the breach.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">At the time, a statement from the UK&#8217;s Information Commissioner&#8217;s Office said &#8220;23andMe is a custodian of highly sensitive personal information, including genetic information which does not change over time.&#8221; <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">&#8220;This makes public trust in these services essential,&#8221; it added.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">In another blow to the company, seven of 23andMe\u2019s eight-strong board resigned in September.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The firm&#8217;s independent directors said they had stepped down after not receiving a satisfactory buyout offer from Ms Wojcicki.<!-- --><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/cp9z7m2nljyo\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The struggling genetic testing company 23andMe says it will cut 40% of its workforce, or 200 jobs, as it fights for survival. The once-popular DNA-testing site will also halt work &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=124983\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-124983","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/124983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124983"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/124983\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}