Theranos Closing Lab Operations, Firing Employees
Thernos announced it would close its laboratory operations, shutter its wellness centers and lay off about 340 employees
Thernos says that it will close its laboratory operations, shutter its wellness centers and lay off about 340 employees, around 40% of its work force. CEO and Founder Elizabeth Holmes posted a letter on the company's website saying the company would now focus on an initiative to create miniature medical testing machines.
