Once a world renowned company for the thought that it was created by a woman and it revolutionized the way that we have to get blood taken, er, has now fallen from grace. According to reports, Therano ‘s CEO Elizabeth Holmes has reportedly laid off 40% of the company’s remaining staff in a bid to “focus on other products and bring the company back to its former reputation”.
Last year, Therano ‘s came under heavy fire for allegations that it falsified documents about its own blood ticking machines that aren’t actually what they say they are. Therano ‘sswiftly denied the allegations but the fall-back was almost instant. Companies including Wal Greens; CVS, and numerous others pulled Therano ‘s products and miniature storefronts from their stores all together.