Genealogy giant Ancestry is laying off about 6% of its 1,700-person workforce, citing a slowdown in the genetic testing market. the consumer genetics "fad" is overThe news comes just weeks after 23andMe also announced plans to lay off 100 employees, citing the same pressures.The DNA-testing fad is ending, and it's hitting one of the biggest players in the space hard.that the company is laying off 6% of its 1,700-person workforce, or roughly 100 employees.
Over the past few years, genetic tests have grown in popularity. That's helped consumer genetics companies like 23andMe grow to 10 million users who've shipped off their spit with the hopes of learning more about their family trees, genetic traits, or even some health information.
Fad fades? It's an issue of privacy.
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