Ancestry, following 23andMe, made the decision to layoff a chunk of its employees. It confirmed to CNBC that the cuts impacted 6 percent of its workforce.Sales of consumer DNA tests are down, and privacy is likely a major factor.Ancestry, the largest seller of at-home DNA tests for health and genealogy reports, is laying off about 100 people, about or approximately 6% of its total workforce.
In the post, the company stressed that it is making a long-term commitment to the health care side of its business, called Ancestry Health. A company spokesperson noted that the layoffs did not affect that group. Later this year, it plans to roll out a next generation sequencing product to its customers to provide them with more detailed information about their potential health risks, the company previously announced.
. 23andME CEO Anne Wojcicki said at the time the company did not know exactly why fewer people were purchasing their tests, but cited a number of potential explanations, including privacy.Illumina Ancestry is a veteran of the relatively new consumer DNA testing space, and traded on the Nasdaq from 2009 through 2012, when it wasHere's a copy of Georgiadis' blog post:
So when ancestry goes broke who will buy all the genetic data they have on people?
I'm not signing up if they are going to tell the police I'm a serial killer
Probably not a lot of repeat business.
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