In a shocking turn of events, genetic testing powerhouse 23andMe announced it will slash 40% of its workforce, or roughly 200 employees, in a bid to curb costs amid intensifying financial challenges. The company, once celebrated for democratizing DNA testing, has decided to shut down its ambitious therapeutics development program as part of a sweeping […]
In a sweeping change aimed at reshaping its operational focus, Dropbox has announced that it will lay off 20% of its workforce, impacting 528 employees worldwide. This significant decision, disclosed by Dropbox CEO Drew Houston, reflects the company’s pivot toward artificial intelligence (AI) as it seeks to optimize its cloud storage offerings and explore new […]
Freshworks Inc., a prominent name in customer engagement software, has announced the layoff of 660 employees, equivalent to 13% of its global workforce. The drastic move aims to help the company refocus on three core areas: customer experience, artificial intelligence, and employee experience. The decision, part of a larger global restructuring effort, marks the fourth […]