23andMe cuts 40% of its workforce

Chrome Holding Co

11/11/2024 22:38

Nov 11 (Reuters) - Genetic testing firm 23andMe  ME.O 
said on Monday it is reducing its overall headcount by over 200
employees or about 40% of the workforce, as part of a
restructuring program.
   The company expects annualized cost savings of more than $35
million as a result of the restructuring.

 (Reporting by Christy Santhosh in Bengaluru; Editing by
Shailesh Kuber)
 ((Christy.Santhosh@thomsonreuters.com;))