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Glossier just laid off one-third of its corporate employees, mostly in tech

TechCrunch LA

“[W]e are shifting our technology strategy to leverage external partners for parts of our platform that we’re currently maintaining internally,” Weiss wrote in the email announcing the layoffs to staff. The tech team layoffs are notable for a beauty retailer that has often described itself as a technology company.

CTO Hire 197
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Elon Musk says Tesla Model Y will be revealed at its LA design studio on March 14

TechCrunch LA

Tesla will pull back the curtains and unveil its Model Y crossover vehicle at an event in Los Angeles on March 14th, according to a tweet from chief executive Elon Musk. There will be some layoffs as a result. Model Y unveil event on March 14 at LA Design Studio. — Elon Musk (@elonmusk) March 3, 2019.

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LivingSocial Shuts Torrance Facility, Cuts 400

socalTECH

In a major Los Angeles area layoff, daily deals and offers service LivingSocial is closing a sales facility in Torrance, and cutting 400 employees throughout the company, as part of a restructuring. livingsocial torrance layoff jobs employment daily deals restructuring marketing' READ MORE>>.

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Machinima Lays Off 42

socalTECH

Los Angeles-based online content developer Machinima said Thursday that it has laid off 42 people at the company, all from its sales force, as the company continues to struggle with low ad rates and the large chunk of revenues that are claimed by Google from multi-channel networks. READ MORE>>.

Layoffs 159
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RealD Cuts Staff, Downsizes Facilities

socalTECH

Los Angeles-based 3D movie project technology developer RealD said this morning that it has cut its headcount, and will be downsizing its facilities, as part of a expense reduction move. According to RealD, the cuts include the elimination of certain sales and marketing and research and development expenditures. READ MORE>>.

Layoffs 147
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Beachmint: We're Still Alive, Kicking, Despite Reports

socalTECH

Los Angeles-based BeachMint , headed by Josh Berman and Diego Berdakin, has a message to the Los Angeles technology community: the company is still alive, kicking, and has the full support of its investors. BeachMint said that the firm has grown 40% year over year, in both sales and subscribers. READ MORE>>.

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Struggling EV firm Faraday Future gets another financial lifeline with new $225M investment

TechCrunch LA

The company has yet to enter mass production five years after its launch, mainly as a result of a series of financial issues that have ended in layoffs, unpaid wages, furloughs, property selloffs and much more. The EV maker has had to sell its headquarters in Los Angeles for around $10 million to stay above water.

Invest 143