DNA testing company 23andMe has filed for Chapter 11 bankruptcy, following a tumultuous few years that included significant layoffs and a wide-ranging data breach. It plans to find a buyer and continue operations throughout the process, with the company’s CEO, Anne Wojcicki, resigning to bid for the company independently. The Board of Directors’ Special Committee previously rejected a proposal from Wojcicki.
“We expect the court-supervised process will advance our efforts to address the operational and financial challenges we face, including further cost reductions and the resolution of legal and
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