Widespread DNA testing agency 23andMe has filed for chapter safety, and introduced that its co-founder and CEO, Anne Wojcicki, has resigned with speedy impact.
The corporate will now try to promote itself beneath the supervision of a court docket.
23andMe mentioned in a press launch that it plans to proceed working all through the sale course of and that there “aren’t any adjustments to the best way the corporate shops, manages, or protects buyer knowledge.”
On Friday, the Lawyer Basic in 23andMe’s dwelling state of California issued a client alert advising prospects to delete their knowledge from the location given the corporate’s “reported monetary misery.”
23andMe’s saliva-based check 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 practically seven million prospects whose private info was uncovered in a 2023 knowledge breach.
Two months later, it lower 200 staff, 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.
