The struggling genetic testing company 23andMe says it will cut 40% of its laborforce, or 200 jobs, as it fights for survival.
The once-famous DNA-testing site will also stop labor on therapies it was broadening.
Last year, the company shelp hackers had regulated to get access to personal alertation of millions of its includers.
23andMe’s split price has descfinishen by more than 70% this year, as its co-createer and chief executive Anne Wojcicki tries to turn the business around.
The company shelp it foresees to incur one-off costs of $12m (£9.3m), including disjoinance pay, for the arrange that will result in savings of $35m.
“We are taking these difficult but vital actions as we rearrange 23andMe and cgo in on the lengthy-term success of our core user business and research partnerships,” Ms Wojcicki shelp.
The company also shelp it is pondering what to do with the therapies it had in broadenment, including licensing or selling them.
23andMe is a huge of the enlargeing ancestor-tracing industry. It proposes genetic testing from DNA, with ancestry shatterdown and personalised health insights.
In December last year, 23andMe verifyed that hackers had accessed details of about 6.9 million of its includers.
In some cases this included family trees, birth years and geodetailed locations, the company shelp. But the stolen data did not include DNA records, it shelp.
Its customers honord names, including rapper Snoop Dogg and multi-billionaire spendor Warren Buffett.
