layoffs
23andMe Q3 Revenues Rise but Firm Notes Liquidity Concerns
Savings from the 40 percent workforce reduction partially offset falling telehealth and PGS kit revenues, as well as lower average selling prices.
Quantum-Si Laying off 23 Percent of Workforce
The company said it is making the cuts to focus its resources on efforts including the development of its recently announced Proteus protein sequencing platform.
Molecular Assemblies Lays off Majority of Workforce
The company cited "an unprecedented and challenging financial funding market for tools companies that has proved insurmountable given our cash runway."
23andMe to Lay Off 40 Percent of Workforce, End Therapeutics Program as Q2 Revenues Dip 12 Percent
Declining PGS kit sales and telehealth orders drove falling consumer services revenues as the company announced a massive restructuring to reduce costs.
Bionano Genomics Lays off Nearly Half of Workforce, Lowers Full-Year 2024 Guidance
After the fourth round of layoffs, the optical genome mapping company will focus on its existing customers while placing less emphasis on new instrument sales.