Another Bay Area company has announced significant job cuts ahead of the holidays. Genetic testing firm 23andMe announced on Monday that it will be slashing its workforce by 40%.
https://www.kron4.com/news/bay-area/23andme-layoffs-company-to-cut-200-jobs-ahead-of-holidays/
the management has given up and they are trying to figure out if the company can be sold.
it's a sad situation, they do not have any vision, at this point it's just a question of what can be salvaged.
the main issue here is if there is someone bold enought to buy the co.
good luck to all of you who are still there, i wish all the best to all people that were affected with the cuts.
Here is WSJ Coverage:
https://www.wsj.com/tech/biotech/23andme-to-cut-workforce-by-40-discontinues-therapeutics-pipeline-8c818729
Here is one with the paywall removed:
https://archive.is/IexYI
Not good at all - but they had problems for a while now so this is very much to be expected