Theranos CEO Elizabeth Holmes just announced via an open letter that the embattled blood testing startup will be closing all of its clinical labs and Wellness Centers, in a move she estimates will impact 340 employees.
The move is intended to refocus Theranos on developing its miniLab medical data processing product, Holmes writes, which it first debuted at a scientific conference in August.
In an open letter, CEO Elizabeth Holmes announces company-wide restructuring.
Elizabeth Holmes, founder of the embattled blood-testing company, says the company will focus on creating miniature medical testing machines.
(Reuters) - Theranos Inc said it will lay off about 340 workers, or about 43 percent of its full-time employees, as it closes its clinical labs and Theranos Wellness Centers, signaling a withdrawal from the consumer blood-testing bu...
In an open letter to investors on Wednesday, Theranos founder Elizabeth Holmes announced that the company was shuttering all of its labs and wellness centers, “impacting” around 340 employees—presumably by putting them out of work. ...