– Dead Unicorn Walking? Theranos Fires Another 40% Of Staff:
In October we noted that the death of Theranos has been long coming – ever since the WSJ’ John Carreyrou did a phenomenal job, starting about one year ago, of exposing the fraud that is Clinton Global Initiative-darling Elizabeth Holmes – but now following the second round of massive job cuts, it appears the final nail in the coffin of this ‘fake news’ unicorn is being struck. As Bloomberg reports, the startup will eliminate 155 more positions, leaving 220 employees (down over 70% from highs).
As Bloomberg details, Theranos Inc., the embattled blood-testing company, will fire about 41 percent of its employees after months of regulatory setbacks,lawsuits, and scrutiny.
Read moreDead Unicorn Walking? Theranos Fires Another 40% Of Staff