DNA-testing site to lay off 40% of workers – Newstrends
Connect with us

International

DNA-testing site to lay off 40% of workers

Published

on

The once-popular DNA-testing firm will also halt the development of therapies

DNA-testing site to lay off 40% of workers

The struggling genetic testing company 23andMe says it will cut 40% of its workforce, or 200 jobs, as it fights for survival.

The once-popular DNA-testing site will also halt work on therapies it was developing.

Last year, the company said hackers had managed to gain access to personal information of millions of its users.

23andMe’s share price has fallen by more than 70% this year, as its co-founder and chief executive Anne Wojcicki tries to turn the business around.

The company said it expected to incur one-off costs of $12m (£9.3m), including severance pay, for the plan that will result in savings of $35m.

“We are taking these difficult but necessary actions as we restructure 23andMe and focus on the long-term success of our core consumer business and research partnerships,” Ms Wojcicki said.

The company also said it is considering what to do with the therapies it had in development, including licensing or selling them.

READ ALSO:

23andMe is a giant of the growing ancestor-tracing industry. It offers genetic testing from DNA, with ancestry breakdown and personalised health insights.

Its customers include famous names, from rapper Snoop Dogg to multi-billionaire investor Warren Buffett.

In December last year, 23andMe confirmed that hackers had accessed details of about 6.9 million of its users.

In some cases this included family trees, birth years and geographic locations. But the stolen data did not include DNA records, it said.

The hackers logged into 23andMe accounts by using email and password details previously exposed by other breaches.

They downloaded not only the data from those accounts but the private information of all other users they had links to across the family trees on the website.

In June, data watchdogs in the UK and Canada announced investigations into the breach.

At the time, a statement from the UK’s Information Commissioner’s Office said “23andMe is a custodian of highly sensitive personal information, including genetic information which does not change over time.”

“This makes public trust in these services essential,” it added.

In another blow to the company, seven of 23andMe’s eight-strong board resigned in September.

The firm’s independent directors said they had stepped down after not receiving a satisfactory buyout offer from Ms Wojcicki.

DNA-testing site to lay off 40% of workers

BBC

International

Two dead, buildings destroyed in American factory explosion

Published

on

Two dead, buildings destroyed in American factory explosion

Two employees of Givaudan sense colour, a factory known for making colourings for beverages, located in Louisville, Kentucky, United States (US) were killed in an explosion that took place at the company’s facility.

The factory reported that the incident which took place on Tuesday, November 12 in the afternoon have also destroyed buildings around the company.

READ ALSO:

Louisville Mayor, Craig Greenberg stated that firefighters managed to rescue and evacuate numerous individuals from the site, including some who sustained life-threatening injuries.

He also confirmed that all employees present at the plant during the explosion have been accounted for.

Earlier reports indicated that at least 11 workers were hospitalized.

The cause of the explosion is still under investigation.

 

Two dead, buildings destroyed in American factory explosion

Continue Reading

International

Local security chief arrested over murder of mayor in Mexico

Published

on

Alejandro Arcos

Local security chief arrested over murder of mayor in Mexico

German Reyes, a local security official in Chilpancingo, Mexico has been arrested for the murder of the city’s mayor, Alejandro Arcos.

The Mexican authorities announced his arrest via a statement on Tuesday, November 12.

The Mayor was killed in the month of October as security officials discovered his lifeless body in his pick-up truck with his head chopped off and placed on his body.

The brutal killing and decapitation of Mayor Alejandro Arcos, which occurred just days after he assumed office, stunned the nation.

Guerrero prosecutors confirmed the detention of the security official who was identified as German ‘N,’ in line with Mexican practice of withholding the full names of suspects.

However, a local government official later identified him as German Reyes, who was the security chief for Chilpancingo, a city of around 280,000 residents in southwestern Mexico prior to his arrest.

READ ALSO:

“The Guerrero prosecutor’s office, the Mexican army and the National Guard, arrested a man for the crime of qualified homicide in Chilpancingo,” the statement said.

The arrest seems to provide more proof of the extensive infiltration of organized crime in local governments across large parts of Mexico, as well as the corruption among local officials.

Reyes had a lengthy career in Mexico’s military, according to his public profile.

Further reports by the police revealed that the Mayor had prior to his death, left Chilpancingo in his truck without a driver or security detail, heading toward the nearby town of Petaquillas, Mexico.

Local media also suggested that Arcos had met with members of Los Ardillos, a criminal group operating in Guerrero, Mexico.

 

Local security chief arrested over murder of mayor in Mexico

Continue Reading

International

COP29: Islamic bank supports WHO Impact Investment with $10m

Published

on

COP29: Islamic bank supports WHO Impact Investment with $10m

The Islamic Development Bank (IsDB) has committed a $10 million grant to the World Health Organization (WHO) to support the Health Impact Investment Platform (HIIP), bolstering its mission to strengthen primary healthcare systems worldwide.

Announced on November 12, 2024, during the UN Climate Change Conference (COP29) in Baku, the grant highlights IsDB’s dedication to enhancing health resilience and climate adaptation in low- and middle-income countries.

In a statement on Tuesday, IsDB described HIIP as a groundbreaking partnership among Multilateral Development Banks (MDBs), WHO and nations seeking robust health and climate solutions.

“This initiative focuses on the investment in essential, climate and crisis-resilient primary health care services and systems,” the bank stated, emphasizing the aim to reinforce the health system, especially in low- and middle-income countries and in underserved communities, ultimately aiming to foster resilience against emerging health threats and climate challenges.

Fifteen countries are identified as part of phase one of the Health Impact Investment Platform: Burundi, Central African Republic, Comoros, Djibouti, Egypt, Ethiopia Guinea Bissau .

Other countries included Jordan, Maldives Morocco, Senegal, South Sudan, The Gambia, Tunisia and  Zambia.

Supporting WHO’s technical assistance goals 

The $10 million grant will specifically support the technical assistance that WHO provides to countries around the world to assess investment needs and to design the most impactful health projects.

READ ALSO:

“These projects will serve as the foundation for co-investment by the MDBs, ensuring that resources are directed toward areas with the greatest potential for positive health outcomes,”IsDB added.

Over the next four years, WHO aims to strengthen climate resilience as part of its Fourteenth General Programme of Work, which includes implementing national climate adaptation plans and making 10,000 health facilities fully operational, including solar-powered electrification.

Unlocking $500m in health investments across the region 

In addition to the $10 million grant, IsDB’s contribution is projected to unlock at least $500 million in health investments across the region.

“This collective goal is part of a broader effort to mobilize a total of US$ 1.5 billion in concessional loans and grants, focusing on critical areas, this way addressing national health priorities.”  

Advancing health resilience, leadership statements  

IsDB President Dr. Muhammad Al Jasser said, the Islamic Development Bank is proud to support the Health Impact Investment Platform as part of our unwavering commitment to advancing universal health coverage and resilience in our Member Countries.

“These Multilateral Development Banks and WHO partnerships enable us to scale up primary health care where it is needed most, creating a stronger foundation to withstand future crises and addressing the pressing health challenges of today.” 

“Together, we are fostering a healthier, more equitable future for communities across the globe,” he said.

WHO Director-General Dr. Tedros Adhanom Ghebreyesus emphasized that low- and middle-income countries need access to sustainable financing to strengthen their health systems through primary health care, to make them both more resilient to pandemics and more equitable in delivering essential health services.

“The Health Impact Investment Platform combines WHO’s public health expertise and on-the-ground presence with the resources and financing expertise of the Islamic Development Bank and other multilateral development banks. By working together, we can make a significant difference in improving health outcomes and creating a healthier future for all.” 

The IsDB, along with its partners, remains committed to fostering partnerships that will advance healthcare and improve quality of life globally.

 

COP29: Islamic bank supports WHO Impact Investment with $10m

Continue Reading

Trending