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The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

TechCrunch LA

I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. There were, of course, those who used the opportunity to make a marketing push or pitch a story. Ride Report creates software that enables cities to work with micromobility operators. That’s what you’re reading now. A novel rewards program.

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XCOR Aerospace Files For Chapter 7

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XCOR had been one of a number of companies in Southern California pursuing the commercial space market. The bankruptcy follows a layoff of all of the company's employees in July , when it said it was unable to raise money to further fund its spacecraft development efforts.

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Qualstar Continues To Look At Strategic Options

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Simi Valley-based Qualstar , the developer of data storage and high efficiency power supplies, says it continues to look at "strategic options" for the business, as it reported yet another quarter of declining revenues. The company reported a net loss of $1.2 The company reported a net loss of $1.2 READ MORE>>.

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Machinima Lays Off Most Employees, Ceases Operations, Say Reports

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Machinima , which had been the poster child for Southern California's multi-channel-network (MCN) boom, has laid off most of its employees and ceased its operations , according to reports. in 2016, in a deal then reported as worth less than $100M. Machinima had been acquired by Warner Bros. READ MORE>>.

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Coda Automotive Lays Off 50

socalTECH

It looks like Southern California's emerging electric automobile industry has definitively hit the skids, as Santa Monica-based electric auto developer Coda Automotive laid off 50 employees Tuesday. The layoffs--first reported by PlugInCars--apprently included a "substantial part" of its sales and marketing staff.

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Boulder Electric Vehicles Shuts LA Facility

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Boulder Electric Vehicles , a startup developing electric powered has shut down its production facility in Chatsworth, as the company looks for a buyer. The move was originally reported by The Daily News. boulder electric vehicles shutdown angeles cleantech truck auto transportation layoff'

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LSI Cuts Jobs In Southern California

socalTECH

LSI Corporation , a developer of data storage products, has cut a product line it had been developing in Southern California, resulting in the layoffs of employees in Irvine and Westlake Village, as well as Israel and Silicon Valley. Sources close to LSI confirmed the layoffs.