The company, valued at $9 billion in 2014, went from famous to infamous after the first damning report was published in The Wall Street Journal in 2015. The company officially shut down last fall, and now founder and former CEO Elizabeth Holmes faces federal fraud charges.
However, in 2016, roughly 700 to 900 people still worked at the company. While some former employees have moved on to roles at tech firms like Facebook and Amazon, other former employees — particularly those with longer tenures or more senior roles — have spent months or years searching for a new job, according to CNN Business. Former employees told CNN Business recruiters pointed to Theranos as the reason they were rejected from jobs. One employee said they took a job at a startup, only to be told their past at Theranos would be a red flag to investors.
Multiple companies told CNN Business they do not have policies against hiring Theranos employees. However, tech recruiter Sam Wholley told CNN Business skepticism still exists. Companies think, “My board would kill me,” he said.
Read the full story here.
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