DNA testing company 23andMe is laying off 100 of its workers as DNA test sales have declined. This represents about 14% of the company’s staff. According to the company’s CEO Anne Wojcicki, there is no clear explanation for why DNA tests have declined but she did cite a variety of factors which includes recession fears … Continue reading “23andMe to Lay Off 100 People For This Reason”
Author: Sophia Vida
FDA Has Issued a Cybersecurity Warning on Some GE Medical Equipment
On Thursday the Food and Drug Administration (FDA) released a warning to health-care providers, facilities…
TripAdvisor Will Be Slashing Hundreds of Jobs
Confirmed by CNBC on Thursday, online travel operator TripAdvisor is planning to slash 5% of…
JP Morgan’s Jamie Dimon Just Got a Big Raise
JP Morgan CEO Jamie Dimon has received a raise to $31.5 million after the company…
Intel Shares Jump After Company Reports Better Than Expected Earnings and Revenue
Chipmaker Intel saw its shares soar on Thursday after the company beat on the top…
Former Wells Fargo CEO Has to Pay $17.5 Million For Sales Scandal
John Stumpf, the former CEO of Wells Fargo, was barred from ever working at a…
Tesla’s Market Cap Closes Over $100 Billion For First Time
Electric vehicle maker Tesla saw its shares rise over 8% in intra-day trading on Wednesday,…
President Trump Thinks Boeing is a “Very Disappointing Company”
According to President Trump, Boeing is a "big disappointment” after the company pushed back the…
Coca-Cola CEO Says Consumer Spending is “Robust”
Heading into this new year, Coca-Cola's CEO James Quincey has said that consumer spending is…
Mark Cuban Still Hasn’t Sold a Share of Netflix Despite Dismal Outlook
Mark Cuban is a big investor in Netflix and he has no plans to sell…
Express Shares Rise on News that Company is Closing 100 Stores by 2022
In an effort to cut costs, clothing retailer Express is planning to shut 100 of…
Novavax Initiates Development of Vaccine for Wuhan Coronavirus
Novavax, a clinical-stage vaccine company headquartered in Gaithersburg, Maryland, saw its shares explode 60% in…
Boeing is Reportedly In Discussions to Borrow $10 Million or More
As Boeing's 737 Max dilemma continues, the company is reportedly in talks to borrow $10…
Tesla Responds to Safety Recall Petition Over This Alleged Defect
Electric vehicle maker Tesla responded to a petition to a U.S. safety regulator to investigate…
