Palo Alto-Based Theranos to Shut Down Facilities, Lay Off 340 Employees - NBC Bay Area
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Palo Alto-Based Theranos to Shut Down Facilities, Lay Off 340 Employees

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    Palo Alto-Based Theranos to Shut Down Facilities, Lay Off 340 Employees
    AP
    Elizabeth Holmes, founder and CEO of Theranos, speaks at the Fortune Global Forum in San Francisco, Monday, Nov. 2, 2015. (AP Photo/Jeff Chiu)

    Blood-testing startup Theranos says it is shutting down its facilities and laying off about 340 employees.

    In a statement to stakeholders, CEO Elizabeth Holmes says the company will focus on rebuilding after several investigations into its practices.

    The Palo Alto-based company developed what it claimed was the first blood test that could diagnose diseases from a single drop of blood.

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