23andMe slashes 14% of workforce amid slump in DNA testing market

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

23andMe, an at-home DNA testing company, is laying off 100 people, or about 14% of its workforce

News of the layoffs, first reported by CNBC, comes amid waning demand for consumer genetic testing services. The shift in the marketplace"surprised" CEO Anne Wojcicki, according to an interview she gave to CNBC.23andMe is best known for collecting the spit of customers and using it to glean information about their genetic history, health, and physical traits based on their DNA.

" User privacy has been a growing concern across the tech industry, but the topic of privacy and genetic testing gained greater attention after a DNA search led to the 2018 arrest of the Golden State killer. The incident raised questions about who has access to genetic information.Wojcicki also told CNBC that fear of an economic downturn could be preventing people from spending on its kits -- which run $199 for a Health and Ancestry kit or $99 for Ancestry and Traits.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

As the should....they told me I was 90% Irish🦰🦰🦰🦰🦰🦰🦰🦰🦰🦰🦰🧘🏾‍♀️

Renaming it 20andMe to reflect the downsizing.

Because people woke up and stopped ordering from data collectors!

People are realizing that giving away their DNA is not a good idea.

Those flipping tests usually say Irish/English. As if same. Not.

It reminds me of Theranos.

Could it be because they are a scam of a company? Taking peoples money and giving false information for the purpose of some silly entertainment.

South Africa South Africa Latest News, South Africa South Africa Headlines