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Anne Wojcicki, chief executive officer of 23andMe, told CNBC that customers might be worried about an economic downturn. The layoffs occurred across 23andMe's consumer business, which is being restructured, but did not impact its therapeutics business. 216 Advantmed reviews. CNBC: Veritas Genetics To Cease US Operations, Talks With Buyers The company also laid off the bulk of its employees based in the U.S., about 50 people, earlier this week, according to … ... Another company, Veritas Genetics, shut down its … The majority of the layoffs will impact the company’s operations team which is responsible for overseeing growth and scaling. ... when Veritas Genetics — the first company to … Veritas Genetics is a provider of a genetic testing platform intended to empower people to live healthier and longer. Veritas operates a high complexity CLIA-certified, CAP accredited next generation sequencing (NGS) laboratory based in Massachusetts. Another company in the genome-sequencing space, Veritas Genetics, abandoned its U.S. operation and laid off about 50 staffers when it had problems raising funds. ... Veritas Genetics Halts US Operations, Lays Off More Than 30. Ancestry's layoffs came just weeks after rival DNA testing company 23andMe slashed about 100 positions, or 14%, of its workforce. Veritas Genetics Inc. launched in 2014 with the goal of providing inexpensive genetic testing for the general population. Veritas Genetics had big plans to lower the price of sequencing the human genome, making it on par with the price of buying an Apple Watch or a … Correction: The layoffs affect 23andMe's operations team, as well as other groups. The company was founded by leaders in the field of genetics from Harvard Medical School and has performed fully integrated, high-throughput sequencing services for over 5 … A free inside look at company reviews and salaries posted anonymously by employees. 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