Widespread DNA testing agency 23andMe has filed for chapter safety, and introduced that its co-founder and CEO, Anne Wojcicki, has resigned with rapid 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 “aren’t any modifications to the way in which the corporate shops, manages, or protects buyer information.”
On Friday, the Legal professional Common in 23andMe’s house state of California issued a shopper alert advising clients to delete their information from the positioning given the corporate’s “reported monetary misery.”
23andMe’s saliva-based check kits had been as soon as celebrated amongst clients and buyers, who helped to push the corporate’s worth as excessive as $6bn (£4.6bn).
However it has been struggling for survival in current months.
In September, the agency settled a lawsuit alleging that it failed to guard the privateness of almost seven million clients whose private data was uncovered in a 2023 information breach.
Two months later, it cut 200 employees, amounting to 40% of its workforce.
23andMe mentioned its finance chief, Joe Selsavage, will take over as interim chief government.
Ms Wojcicki will proceed to function a member of the board, it added.
