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Theranos is laying off another 155 employees
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.
Theranos is closing its labs and Wellness Centers
Theranos is making some big changes going forward, company chief Elizabeth Holmes has revealed in an open letter. While the embattled blood-testing firm isn't closing shop completely, it will shut down its clinical labs and Wellness Centers, as well as let 340 out of its 790 employees go. The layoffs will affect people who've been with the company for years, working for its establishments in Arizona, California and Pennsylvania. Going forward, Theranos will focus on the 95-pound device it debuted in August called "miniLab," which she said can detect diseases, including Zika, with a drop of your blood.
Theranos intros new 'fingerprick' testing tech despite its woes
Theranos founder Elizabeth Holmes has introduced a 95-pound testing device called "miniLab" at the American Association for Clinical Chemistry meeting in Philadelphia. The controversial blood testing company, which promised results with just a fingerprick, has been in hot water ever since The Wall Street Journal published a series of articles detailing its flawed results and other issues. In fact, it voided its past test results and lost its contract with Walgreens over the past few months. Holmes was also banned from owning a lab for two years. That's why the convention's the attendees were expecting a presentation clarifying the science behind its fingerprick-testing technique, according to Bloomberg.
