Theranos closing labs, laying off 340 employees in 3 states following sanctions

October 6, 2016 12:16 PM

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PALO ALTO, Calif. (AP) — Embattled blood testing company Theranos says it will shut down its clinical labs and wellness centers and lay off more than 40 percent of its full-time employees.

In an open letter released late Wednesday, Theranos CEO Elizabeth Holmes says the shutdowns "will impact approximately 340 employees in Arizona, California, and Pennsylvania." Theranos has laboratory facilities in Newark, California, and Scottsdale, Arizona.

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