BUSINESS

Theranos To Lay Off Hundreds Of Workers, Close Wellness Centers

The move impacts workers in Arizona, California, and Pennsylvania.
Elizabeth Holmes, CEO of Theranos, attends a panel discussion during the Clinton Global Initiative's annual meeting in New Yo
Elizabeth Holmes, CEO of Theranos, attends a panel discussion during the Clinton Global Initiative's annual meeting in New York, September 29, 2015.

Theranos Inc said it will lay off about 340 workers, or about 43 percent of its full-time employees, as it closes its clinical labs and Theranos Wellness Centers, signaling a withdrawal from the consumer blood-testing business.

The move impacts workers in Arizona, California, and Pennsylvania, Theranos Chief Executive Elizabeth Holmes said in a letter published on the company’s website on Wednesday.

Theranos, which employs around 790 people full time, had earlier withdrawn a request to the U.S. Food and Drug Administration for emergency clearance of its Zika virus blood test.

Theranos ran into trouble after the Wall Street Journal published a series of articles beginning last October suggesting its blood-testing devices were flawed and inaccurate.

(Reporting by Gaurika Juneja in Bengaluru; Editing by Bill Rigby)

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