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Theranos told 155 employees that their positions have been eliminated

Staff Writer | January 7, 2017
Theranos announced "further re-engineering of the company’s operations" as it works towards commercialization of the miniLab testing platform and its related technologies.
Elizabeth Holmes
Company in problems   The streamlined organization
In the streamlined organization, teams have been aligned to meet product development, regulatory and commercial milestones, the company said.

As a result, the company has identified a core team of 220 professionals to execute on its business plans, and informed 155 employees that their positions have been eliminated.

"These are always the most difficult decisions; however, this move allows Theranos to marshal its resources most efficiently and effectively."