Part 5/8:
The fallout was disastrous. The company executed massive layoffs, eliminating 40% of its workforce, as it struggled to manage costs and rectify its declining reputation. In an attempt to recover, Wojcicki proposed a takeover to take 23andMe private, but the offer was embarrassingly low—just 40 cents per share. The board deemed this unacceptable, culminating in an unprecedented mass resignation of its members, including high-profile investors.