23andMe Files for Bankruptcy, Lays Off 250, Faces Bids for Genetic Data Amid State AG Warnings

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Published May 6, 2025, 11:53 PM

Direct-to-consumer genetic testing company 23andMe has filed for Chapter 11 bankruptcy amid ongoing financial difficulties. As part of its restructuring efforts, the company plans to permanently close its San Francisco office and lay off 250 employees. The bankruptcy has raised ethical concerns regarding the handling and security of users' genetic data. State attorneys general have issued warnings about the potential risks to 23andMe users' genetic information. Additionally, the company anticipates receiving multiple bids for its genetic data assets during the bankruptcy proceedings. Legal experts have described 23andMe's collapse as a cautionary example in the genetic testing industry.

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Sources

sfchronicle.com(2)pasadenastarnews.com sun-sentinel.com bc.edu

Pasadena Star News

@PasStarNews

23andMe users’ genetic data is at risk, state AGs warn https://t.co/Y3dzXsDDs8

San Francisco Chronicle

@sfchronicle

The layoffs come after a tumultuous period for 23andMe, which has faced mounting financial difficulties in recent years. https://t.co/HGbGDaJBfG

San Francisco Chronicle

@sfchronicle

23andMe plans to permanently close its San Francisco office and lay off 250 employees as part of ongoing restructuring efforts following its Chapter 11 bankruptcy filing this year. https://t.co/TEwOqCFldo

Story Timeline

7 days ago•Latest version

23andMe Files Chapter 11, Plans San Francisco Office Closure, 250 Layoffs, Privacy Watchdog Amid Genetic Data Sale Concerns

7 days ago•Original version

23andMe Files for Bankruptcy, Lays Off 250, Faces Bids for Genetic Data Amid State AG Warnings

23andMe Files for Bankruptcy, Lays Off 250, Faces Bids for Genetic Data Amid State AG Warnings

Related Prediction Markets

Will MicroStrategy announce bankruptcy in 2025?

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Sources

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