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23andMe cuts 40% of its workforce

Nov 11, 2024 4:15 PM

Nov 11 (Reuters) - Genetic testing firm 23andMe

said on Monday it is reducing its overall headcount by over 200

employees or about 40% of the workforce, as part of a

restructuring program.

The company expects annualized cost savings of more than $35

million as a result of the restructuring.

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