Cutbacks by Ancestry, 23andMe Signal a Shakeout for DNA Industry

From an article by Kristen V Brown in the Bloomberg magazine’s web site:

Anne Wojcicki, chief executive officer and co-founder of 23andMe Inc.

“Consumer DNA-testing firms are closing up shop and cutting jobs, as a lull in sales forces the industry to move beyond the genealogy tests that turned a handful of well-funded companies into household names.

“At least three companies have closed down or suspended their operations over the past year, while the two DNA-testing bellwethers, Ancestry.com LLC and 23andMe Inc., each cut approximately 100 jobs in recent weeks. Others have pulled tests from the market thanks to slow sales.”

The full article may be found at: https://www.bloomberg.com/news/articles/2020-02-25/the-rise-and-fall-of-home-dna-testing.

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