Theranos will close labs and fire 340 employees

Theranos will fire 340 employees — about 40 percent of its workforce — in California, Arizona and Texas, as well as shuttering all its clinical labs and Theranos Wellness centers, the company said in a statement today. The troubled start-up appears to be moving back to doing more research and development.
Theranos will fire about 40 percent of its workers The development comes after a decision by regulators that Theranos chief executive officer Elizabeth Holmes will be banned from op