Theranos Employees Where Are They Now? ​What Happened To Theranos employees?

Theranos Employees Where Are They Now: Theranos was a privately-held corporation that claimed to devise blood tests rapidly with a few drops of blood. But eventually, the claims were proven to be false. If you are wondering Theranos Employees Where Are They Now, then you are at the right place. Read on to find out Theranos Employees Where Are They Now.

Theranos Employees Where Are They Now? ​What Happened To Theranos employees?

Theranos Employees Where Are They Now?

Whether or not Theranos was a Silicon Valley-wide disaster — or even a tech firm — it had a massive impact on the industry. We talked to a number of ex-employees who are still being held accountable for their bosses’ behavior after all these years. Former Theranos employees have had a difficult time finding work. Three employees have spoken with Protocol depicting transitioning from such a major incident as a difficult and arduous process.

What Problems do Theranos Ex-Employees Face?

When one employee was seeking employment in 2016, the CEO of a company told him that investors “advised him not to hire anyone from Theranos, provided what was going on in the media,” according to one worker.

Another employee who had worked at Theranos for five years said she spent five months applying for employment before accepting a lower-level position in a tech industry unrelated to Theranos. “I was in such a difficult situation,” she explained. She lasted less than a year at that work before quitting and taking a year off. Former employees informed that they have been more risk apprehensive in their future professional decisions as a result of the experience.

After working at Theranos, a third employee stated he found himself analyzing the histories and work history of any potential employer. “I was paying a lot more attention than I had previously. What is the message from the top? What is their company’s vision, and how do they function ethically and morally? “he stated.

Employees are nonetheless conscious of the impact their employment with Theranos may have. Patrick O’Neill, who served as the company’s chief creative officer from 2014 to 2017, claimed he has deleted much of his promotional work from his professional site. “Putting it out there for public consumption might result in a lot of criticism,” he warned. “[Theranos] caused a lot of harm to a lot of individuals.” A former Theranos employee reported having lunch with a recruiter who had previously put him in a job. “You are the most qualified candidate,” the recruiter said, before adding, “except for this.” The recruiter then put a thumb over the word “Theranos” on a copy of his résumé. Ever since the ex-employee has been turned down for several positions and continues to look for work.

Others who have received company attention are still undecided about their future steps. Janina Dong, a former Theranos recruitment manager who departed in 2017, has opted to consult rather than take a full-time position so far. She claims that partly the reason is that she is “second-guessing my own judgment” on where to work after failing to see Theranos’ status.

How did Theranos Start?

Theranos, a notoriously confidential Silicon Valley biotech business, has been attempting to undermine the multibillion-dollar US blood-testing industry over the past two years. When you go to a facility and have your blood taken, the doctor or nurse usually sends it to a testing lab, such as to examine your cholesterol or vitamin D levels or to look for illness indicators. This uncomfortable needle jab, many vials of blood, and days or weeks of waiting for results are all part of this process, which almost every American goes through at some stage of life. Theranos pledged to transform the procedure by requiring only a few drops of blood, which it claimed could be used to run multiple tests simultaneously on scaled-down, compact equipment that could fit on a desktop.  “We’re able to do all the testing using just a single micro-sample, rather than having to draw a dedicated tube for each type of test,” Holmes said in 2014. It appeared to be promising. In Arizona, two in California, and one in Pennsylvania, Theranos built 42 “wellness centers” in Walgreens pharmacies in 2013. Holmes has also been urging state governments to allow patients to get Theranos tests without having to go through the time-consuming process of obtaining a medical note from the doctor — a move that, in concept, would save consumers even more time and money. By 2015, Holmes had convinced Arizona’s legislators to adopt a bill allowing patients to bypass doctors and go straight to her labs, ordering whatever tests they desired.

What is the Theranos Scandal?

By 2015, the threads were fraying, and Holmes was revealed as a fraud within a year. The technology she promoted didn’t operate at all, and her company, which she had started, had failed by 2018. A jury in California has now found her guilty of four charges of fraud, each of which entails a potential penalty of 20 years in jail. On four other accusations, the jury ruled her not guilty, and on three more, they were unable to reach a decision. She pleaded not guilty to all charges and has the right to appeal her convictions. When a whistleblower raised concerns about Theranos’ flagship testing equipment, the Edison, things started to fall apart in 2015. The Wall Street Journal published a series of stinging exposés alleging that the results were erroneous and that the company had been doing much of its testing on widely available devices from other manufacturers. Suits stacked up, partners split up, and US officials barred Holmes from operating a blood-testing service for two years in 2016. Theranos went defunct in 2018. In March of that year, Holmes agreed to resolve civil claims brought by financial regulators that she had defrauded investors out of $700 million. Three months later, she and Mr. Balwani were arrested on suspicion of wire fraud and conspiracy to commit wire fraud. Prosecutors stated she deliberately deceived patients about the tests and lied to funders about the company’s performance. Holmes was granted bail and married William “Billy” Evans, a 27-year-old heir to the Evans Hotel Group group of hotels, in 2019. In July of this year, they welcomed a son. It was suggested that being a new mother might sway the jury’s verdict. Although Emily D Baker, a former deputy district attorney for Los Angeles, told before the verdict that the judge might consider it into view if Holmes was found guilty, this does not appear to be the case. Commentators said it was amazing how strongly Holmes stuck to her original tale as the Theranos affair reached trial, and others who knew her said they don’t believe she has matured. After the judgments, Holmes was not brought into custody. The date for the sentence has not yet been set. 

Where is Elizabeth Holmes Now?

It’s still unclear if Holmes will be sentenced to prison. Sources suggest that her sentence is set for September 26, 2022. As per the reports, she faces up to 80 years in prison—20 years for each offense she was accused of. Holmes is free on a $500,000 bail while she anticipates her conviction in September. 

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Image Source: South China Morning Post

The reports say that the new mother resides with her husband Billy Evans in a nine-bedroom Silicon Valley house valued at $135 million.

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Image Source: Business Insider

Ramesh “Sunny” Balwani, her ex-boyfriend and the president of Theranos, is facing trial. According to reports, he has been charged with ten charges of wire fraud and two counts of conspiring to commit wire fraud. Reports suggest that if convicted, he receives up to 20 years in prison and a $250,000 fine (plus restitution) on each offense. 

Theranos Employees Where Are They Now – FAQs

1. Who is the Founder of Theranos?

Elizabeth Holmes was the founder of Theranos?

2. Is Elizabeth Holmes in Prison?

It’s still unclear if Holmes will be sentenced to prison. According to reports, her sentence is set for September 26, 2022.

3. When was Theranos Launched?

Theranos was launched in 2003

4. What did Theranos do wrong?

The company allegedly misled investors and deliberately made false claims made about the efficiency of the company’s blood testing technology.

5. Who is Elizabeth Holmes married to?

Elizabeth Holmes is married to Billy Evans