Theranos lays off another 155 people in wake of scandal


Theranos will lay off 41 percent of its workforce, the company said on Friday

The troubled blood testing company, which is the subject of multiple lawsuits and investigations, announced that it would lay off 155 employees, keeping on 220 staffers. Theranos sold off much of its real estate this month. 

“These are always the most difficult decisions; however, this move allows Theranos to marshal its resources most efficiently and effectively,” the company wrote in a press release. “The restructuring follows a period of significant change at the company that has included the building out of its executive team with substantial additional regulatory, compliance and operational expertise.”  Read more…

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Source: Mashable

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