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0 -7.94091955848893E-05 -7.94091955848893E-05 7.94091955848893E-05 -7.94091955848893E-05 -0.000714682760263666 -0.000714682760263666 -0.000714682760263666
Stock impact report

After its entire board resigned overnight, 23andMe will cut over 200 employees and its cancer research in an urgent bid to nurse the company back to health [Yahoo! Finance]

Envestnet, Inc (ENV) 
Last envestnet, inc earnings: 2/20 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.envestnet.com/investor-overview
Company Research Source: Yahoo! Finance
The company will lay off 40% of its workforce, over 200 employees, and cull its therapy programs that include cancer-treatment research, part of a massive restructuring plan announced Monday. “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,” CEO Anne Wojcicki said in a statement. The announcement comes less than two months after 23andMe's board resigned en masse , exacerbating the company's freefall status. Its previous board members, including Sequoia Capital's Roelof Botha and YouTube CEO Neal Mohan , wrote in their resignation letter in September they disagreed with Wojcicki's strategic direction for the company, including her plans to take the company private after its $6 billion valuation in 2021—its peak—plummeted to a market cap of just $150 million around their departure. The company, which became wildly popular in 2017 due to a boom in direct-to-cons Show less Read more
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