socalTECH
JANUARY 11, 2019
Hawthorne-based SpaceX --despite a continuing string of successful launches--is cutting 10 percent of its 6,000 employees, according to a report published on Friday. The report--from the LA Times--confirmed the layoff with the company, which said that Space "must become a leaner company" to continue to deliver for its customers.
TechCrunch LA
JANUARY 26, 2022
“[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.
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socalTECH
MAY 17, 2012
A report today from PandoDaily said that Santa Monica-based BetterWorks has terminated all of its sales and marketing staff, and half of its operations team. Now it appears that the firm is looking to pivot its model, and looking to figure out a better customer acquisition model. READ MORE>>.
socalTECH
OCTOBER 24, 2019
Santa Monica-based Fair , the subscription vehicle service lead by startup veteran Scott Painter, is laying off 40 percent of its staff, according to reports , and also is replacing its CFO. The report says that current CFO Tyler Painter, the brother of CEO Scott Painter, is being replaced by Kirk Shryoc.
Tech.Co
JUNE 24, 2022
The Wall Street Journal reports that Twitter, for instance, has refused to take on new staff it previously offered jobs to. “My Mass Layoffs Taking Place. Rising inflation has deterred customers from purchasing products online and shares in Etsy, Shopify, Wayfair, and Poshmark all plummeted last month.
TechCrunch LA
JUNE 18, 2022
Last week, we talked about layoffs and the Winklevoss rock gods. Crypto lending protocol Celsius isn’t fire burning, but it did freeze all customer withdrawals this past weekend , citing concerns about its own liquidity amid “extreme market conditions.” Welcome back to Chain Reaction. crash redux. pic.twitter.com/AacdhK3cw4.
Both Sides of the Table
JANUARY 26, 2013
It makes it easier to persuade others to join you, it alerts other angels & VCs that you’re a company to be on their radar screen, it helps potential customers know that you may be worth doing business with and it builds you up to announce other milestones down the line. When you file, you must be prepared.
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