“The company has been left with few options as its value has plummeted in the aftermath of a massive data breach.”
23andMe is cutting 200 people and killing all its therapy programs to save $35 million a year. Its 2023 breach exposed 6.9 million users, and hackers shopped lists of Ashkenazi Jewish and Chinese customers. Every board member except Anne Wojcicki quit in September after her 40-cents-a-share buyout bid. The employees go first. The DNA database stays, waiting for whoever buys the asset sale.