Theranos Is Laying Off Another 155 Employees

The company’s ‘core team’ will continue development of a new miniLab.

By Andrew Dalton | Jan 09, 2017
Comment
Reuters/Brendan McDermid via Engadget

This story originally appeared on

Just three months after the company , Theranos’ workforce is being slashed again. The company 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 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 , the company spent the latter part of 2016 fending off and .

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

Just three months after the company , Theranos’ workforce is being slashed again. The company 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 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 , the company spent the latter part of 2016 fending off and .

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

Join the Conversation
Leave a comment. Be kind. Critique ideas, not people.
Sort: |

Related Content