Standard DNA testing agency 23andMe has filed for chapter safety, and introduced that its co-founder and CEO, Anne Wojcicki, has resigned with instant impact.
The corporate will now try to promote itself below the supervision of a court docket.
23andMe said in a press release that it plans to proceed working all through the sale course of and that there “are not any modifications to the way in which the corporate shops, manages, or protects buyer information.”
On Friday, the Lawyer Basic in 23andMe’s house state of California issued a shopper alert advising prospects to delete their information from the location given the corporate’s “reported monetary misery.”
23andMe’s saliva-based take a look at kits had been as soon as celebrated amongst prospects and traders, who helped to push the corporate’s worth as excessive as $6bn (£4.6bn).
However it has been struggling for survival in latest months.
In September, the agency settled a lawsuit alleging that it failed to guard the privateness of almost seven million prospects whose private info was uncovered in a 2023 information breach.
Two months later, it cut 200 employees, amounting to 40% of its workforce.
23andMe stated its finance chief, Joe Selsavage, will take over as interim chief govt.
Ms Wojcicki will proceed to function a member of the board, it added.
