Common 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 and promote itself underneath 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 “are not any adjustments to the way in which the corporate shops, manages, or protects buyer information.”
On Friday, the Lawyer Basic in 23andMe’s residence state of California issued a client alert advising prospects to delete their information from the positioning given the corporate’s “reported monetary misery.”
23andMe’s saliva-based check kits have been as soon as celebrated amongst prospects and buyers, who helped to push the corporate’s worth as excessive as $6bn (£4.6bn).
Nevertheless 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 minimize 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.
