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Theranos Is Laying Off 155 People, About 41 Percent Of Its Workforce (cnbc.com)
The embattled blood-testing company Theranos is laying off 155 people, about 41 percent of its workforce, as it struggles to recover from the backlash generated when the company failed to provide accurate results to patients using its proprietary blood test technology. The job cuts announced today are similar to the cuts announced last year in October, when the company said it would shut down its blood-testing facilities and shrink its workforce by more than 40%. CNBC reports: The start-up will let go of its workers after months of regulatory setbacks as well as lawsuits and scrutiny. That would leave 220 workers to focus on its business plans, primarily its blood testing product called the miniLab. "These are always the most difficult decisions; however, this move allows Theranos to marshal its resources most efficiently and effectively," Theranos said in a statement.
From the summary:
"Theranos... failed to provide accurate results to patients"
No. They fraudulently claimed to provide accurate results. If they had merely failed it would not be a scandal.
Ceci n'est pas une signature.
The entire company is nothing more than the hubris of a self-absorbed mega-ego maniac. Patient health be damned, she got to be another poster child for women success stories; riding the talk show circuit like a goddess all the while pimping dangerous snake oil that every other researcher and doctor she talked with said the device wasn’t practical.
It astonishes me that after everything that has come to light, the board doesn’t toss her out first.