Theranos, Which Somehow Still Employed People, Lays Off Nearly All Its Staff

Photo: Lisa Lake (Getty)

Theranos, the hubristic firm that promised efficient blood-testing—and which was revealed by degrees to be writing checks its technology couldn’t cash—still employed approximately 125 people earlier this week. As of today, according to The Wall Street Journal, than number is now “two dozen or fewer.”

Led by CEO Elizabeth Holmes, Theranos spent its first decade in “stealth mode,” arriving on the scene as a much-hyped solution to blood-testing that alleged to be portable, accurate, and capable of gleaning its data from only a finger prick. Revelations in the press—stemming largely from the Journal—unraveled the firm’s lofty and undeliverable promises.

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