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Superconductor Technologies Chops Staff

socalTECH

Superconductor Technologies , the developer of superconducting wire and wireless component which has operations in Santa Barbara, has cut nearly a third of the company''s jobs in February, and reduced its staff to 30. The company is down significantly from the 79 employees in had in 2010, just before its departure to Texas.

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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. After resigning as CEO of the now-defunct EV startup Coda Automotive in 2010, Czinger began to focus on how the vehicle manufacturing process could become more efficient and less wasteful.

Startup 251
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Amonix Cuts Staff

socalTECH

Heavily backed, concentrating solar photovoltaic technology developer Amonix , which is based in Seal Beach, is set to lay off 76 workers across its offices in California, according to regulatory filings with the state. round in 2010. The company also had received a $90M Department of Energy loan guarantee.

Layoffs 133
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Aptera Delays Vehicle

socalTECH

The firm said in a statement that the firm's vehicle development has "outpaced the rate of fundraising" at the firm, and it is now adjusting its production schedule to "align with financing realities." The firm said it will complete its first vehicle in 2010, not by the end of the year. Aptera is venture backed by Google and Idealab.

Layoffs 145
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Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

I’d rather be Roger Ehrenberg with a thesis around data-centric companies and base my investment decisions on the skills I’ve developed in my career. I know that in late 2010 it’s not as popular to say this because we’re in the era of “super angels&# and feel-good startups.

Invest 284
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NextWave Wireless Gets $100M In Debt, Cuts Staff, Hires Banker

socalTECH

San Diego-based wireless broadband technology firm NextWave Wireless said today that it has scored a new, $100M debt financing for the firm's business, and made cuts in its staff, along with hiring an investment banker. NextWave said that the debt will go towards funding its operations into 2010. READ MORE>>

San Diego 100
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Biotech Roundup: Hellos, Goodbyes, “Cures” Delays And Trial News

Xconomy

All eyes are on Holmes, who is scheduled to present data from the company’s technology at a medical conference on August 1. million Series A to develop a drug, licensed from Columbia University, for the brain cancer glioblastoma… Lyndra , a Cambridge startup working on oral drug delivery technology, has received $5.4

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