1. Theranos Will Shrink by Almost Half, Laying off 155 Employees

    Theranos Will Shrink by Almost Half, Laying off 155 Employees

    The slow implosion of the blood testing company Theranos continued in 2017 as the company announced that it would lay off 40 percent of its employees in what it called a "further re-engineering."  The company is laying off 155 employees, leaving "a core team of 220 professionals to execute on its business plans," the company said in a statement on its website...

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    1. These are always the most difficult decisions; however, this move allows Theranos to marshal its resources most efficiently and effectively.
    2. In the streamlined organization, teams have been aligned to meet product development, regulatory and commercial milestones.
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