Latest in Science

Image credit: REUTERS/Brendan McDermid

Theranos is laying off another 155 employees

The company's "core team" will continue development of a new miniLab.
288 Shares
Share
Tweet
Share
Save

Sponsored Links

REUTERS/Brendan McDermid

Just three months after the company laid off 340 employees, Theranos' workforce is being slashed again. The company announced today that it will part ways with another 155 employees, leaving the current Theranos headcount at 220.

"These are always the most difficult decisions," the company's official statement said, "however, this move allows Theranos to marshal its resources most efficiently and effectively."

Today's restructuring caps off a terrible 2016 for CEO Elizabeth Holmes and company. After the company's innovative blood test and Edison testing machine turned out to be too good to be true and possibly based on junk science, the company spent the latter part of 2016 fending off multiple lawsuits from investors and its retail partners at Walgreens.

Last month, the company also announced a new leadership team and reshuffled its Board of Directors to help steer the company back on track as it works to develop a new testing platform called miniLab.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
288 Shares
Share
Tweet
Share
Save

Popular on Engadget

The 2019 Engadget Holiday Gift Guide

The 2019 Engadget Holiday Gift Guide

View
Mach-E leak reveals a lot about Ford's electric Mustang SUV

Mach-E leak reveals a lot about Ford's electric Mustang SUV

View
Amazon is challenging Microsoft's $10 billion JEDI contract victory

Amazon is challenging Microsoft's $10 billion JEDI contract victory

View
Microsoft is adding 10 'Final Fantasy' games to Xbox Game Pass

Microsoft is adding 10 'Final Fantasy' games to Xbox Game Pass

View
'West of Dead' is a fast-paced shooter starring Ron Perlman

'West of Dead' is a fast-paced shooter starring Ron Perlman

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr