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Theranos lays off almost all of its remaining workforce

The embattled blood-testing startup has laid off most of its remaining employees in an effort to avoid bankruptcy, reports the Wall Street Journal. Fewer than two dozen employees now remain at the company, which has seen its fortunes sink after years of controversy. In March, Theranos CEO Elizabeth Holmes was charged with fraud after the … Continue reading “Theranos lays off almost all of its remaining workforce”

Theranos lays off almost all of its remaining workforce
[Photo: Startup Stock Photos/Pexels]

The embattled blood-testing startup has laid off most of its remaining employees in an effort to avoid bankruptcy, reports the Wall Street Journal. Fewer than two dozen employees now remain at the company, which has seen its fortunes sink after years of controversy. In March, Theranos CEO Elizabeth Holmes was charged with fraud after the company misled investors into believing it had developed a commercially ready portable blood analyzer. Holmes announced the layoffs, which are believed to be around 100 staff members, at an all-employee meeting on Tuesday.

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About the author

Michael Grothaus is a novelist, journalist, and former screenwriter. His debut novel EPIPHANY JONES is out now from Orenda Books. You can read more about him at MichaelGrothaus.com

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