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Theranos fires 41% of staffers – Story

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Theranos fires 41% of staffers – Story

Theranos fires 41% of staffers - Story*/

– Troubled blood-testing startup Theranos is downsizing yet again.Theranos said on Friday it has fired 155 employees — about 41% of its current workforce.In October, it laid off 340 employees across Arizona, California and Pennsylvania when it closed its clinical labs and Theranos Wellness Centers.
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Theranos to Lay Off 41% of Workforce, Company Says

Theranos to Lay Off 41% of Workforce, Company Says*/

– Theranos is now focusing on a new product called the miniLabBlood-testing startup Theranos Inc. will fire about 41 percent of its employees after months of regulatory setbacks, lawsuits and scrutiny, saying it is paring down to focus on a new product.The Silicon Valley company will eliminate 155 positions, leaving 220 employees who will work on the new product, a tabletop blood testing product called the miniLab.“These are always the most difficult decisions; however, this move allows Theranos to marshal its resources most efficiently and effectively,” the firm said in a statement on Friday.
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