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10 months ago
Theranos to lay off more than 40 pct of workers, close wellness centers
October 6, 2016 / 2:06 AM / 10 months ago

Theranos to lay off more than 40 pct of workers, close wellness centers

1 Min Read

(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 business.

The move impacts workers in Arizona, California, and Pennsylvania, Theranos Chief Executive Elizabeth Holmes said in a letter published on the company's website on Wednesday. (bit.ly/2dLDEP5)

Theranos, which employs around 790 people full time, had earlier withdrawn a request to the U.S. Food and Drug Administration for emergency clearance of its Zika virus blood test.

Theranos ran into trouble after the Wall Street Journal published a series of articles beginning last October suggesting its blood-testing devices were flawed and inaccurate. [nL1N1AI1Q6]

Reporting by Gaurika Juneja in Bengaluru; Editing by Bill Rigby

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