23andMe has filed for Chapter 11 bankruptcy protection and its co-founder and CEO has resigned as the struggling genetic testing company continues its push to cut costs.
San Francisco-based 23andMe announced on Sunday that it will look to sell “substantially all of its assets” through a court-approved reorganization plan.
Anne Wojcicki, who co-founded 23andMe nearly two decades ago, is also stepping down as CEO effective immediately, the company said — but will remain on the 23andMe board. Her resignation comes just weeks after a board committee rejected a nonbinding acquisition proposal from Wojcicki, who had been trying to take the company private.
23andMe has faced an uncertain future for some time. Beyond battles to go private, the company has struggled to find a profitable business model since going public in 2021. And privacy concerns related to customers’ genetic information have also emerged, notably spanning from a 2023 data breach.
- Log into your 23andMe account.
- Go to “Settings” and scroll to “23andMe Data.”
- Click “View” next to “23andMe Data.”
- Download your data if you want a copy.
- Scroll to “Delete Data” and click “Permanently Delete Data.”
- Follow the confirmation link sent to your email.
- Go to “Preferences” in your account settings and update your selection.
- Adjust your settings under “Research and Product Consents.”
