Theranos told 155 employees that their positions have been eliminatedStaff 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.
Company in problems The streamlined organization
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." ■