Breaking

23andMe CEO lays off 100, attributes sluggish sales to consumer privacy concerns
Jan 23, 2020 38 secs

Looks like you aren't the only person who might have gotten freaked out by consumer DNA tests recently.

Consumer genetics testing company 23AndMe has laid off 100 employees, or 14 percent of its staff, reports CNBC. Most of the layoffs come from the operations team.

Sales in consumer DNA tests have been declining across the industry, and 23AndMe is no exception. The company's CEO, Anne Wojcicki, says she's not sure about the exact reason for the slump. However, she suspects concerns about privacy might play a role.

"Privacy is top of mind," she told CNBC.

That could be because a series of news events raised concerns about what happens to our DNA after customers give it to services like Ancestry or 23AndMe. Read more...

More about 23andme, Tech, and Health

RECENT NEWS

SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2024 365NEWSX - All RIGHTS RESERVED