October 6th, 2016
Theranos to cut 340 jobs in wake of report that blood-testing tech doesn’t work
Health technology company Theranos says it will close all of its clinical labs and wellness centers, cutting the jobs of 340 workers. This comes after a report by The Wall Street Journal questioning the company’s blood-testing technology, which was claimed to be able to diagnose diseases with a single drop of blood. The company denies any wrongdoing.