{"id":132213,"date":"2024-11-12T14:20:24","date_gmt":"2024-11-12T14:20:24","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/11\/12\/23andme-is-ending-its-cancer-research-program-and-slashing-over-200-jobs\/"},"modified":"2024-11-12T14:20:24","modified_gmt":"2024-11-12T14:20:24","slug":"23andme-is-ending-its-cancer-research-program-and-slashing-over-200-jobs","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/11\/12\/23andme-is-ending-its-cancer-research-program-and-slashing-over-200-jobs\/","title":{"rendered":"23andMe is ending its cancer research program and slashing over 200 jobs"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">23andMe is <a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/11\/11\/2978617\/0\/en\/23andMe-Announces-Business-Restructuring-to-Streamline-Operations-Reduce-Costs-and-Position-Company-for-the-Future.html\" target=\"_blank\" rel=\"noopener\">laying off 40 percent of its employees<\/a>, or over 200 workers, as the company attempts to recover from last year\u2019s massive data breach and reverse its plummeting stock price. The genetic testing company also announced that it will shut down its therapeutics business.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">Though 23andMe says the restructuring plan will cost it around $12 million, it expects to save more than $35 million as a result, while \u201csubstantially\u201d lowering operating expenses. 23andMe\u2019s therapeutics division, which studied potential cancer treatments using its database of genetic material, will end all clinical trials, as the company considers licensing agreements or asset sales to \u201cmaximize\u201d the program\u2019s value.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">\u201cWe 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,\u201d Wojcicki said in a statement.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.theverge.com\/2024\/11\/12\/24294473\/23andme-layoffs-40-percent-employees\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>23andMe is laying off 40 percent of its employees, or over 200 workers, as the company attempts to recover from last year\u2019s massive data breach and reverse its plummeting stock price. The genetic testing company also announced that it will shut down its therapeutics business. Though 23andMe says the restructuring plan will cost it around [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":132214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-132213","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/132213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=132213"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/132213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/132214"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=132213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=132213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=132213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}