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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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BetterWorks Goes From Feast To Famine With Layoffs

socalTECH

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. The move is an abrupt shift from feast to famine for BetterWorks, the high profile employee fringe benefits startup headed by prolific angel investor Paige Craig.

Layoffs 187
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Coda Automotive Lays Off 50

socalTECH

The layoffs--first reported by PlugInCars--apprently included a "substantial part" of its sales and marketing staff. The layoffs impact approximately 15 percent of Coda's workforce.

Layoffs 157
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Teledyne Technologies Lops Employees, To Close Facilities

socalTECH

The announcement came as the firm reported first quarter 2009 sales of $440.3M, down from $451.8M The firm said that it had a sales decrease due to contracting commercial markets and the global recession. Tags: teledyne technologies employment jobs layoff aerospace electronics. in the same period last year.

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Fisker Automotive Chops Staff

socalTECH

According to reports, Fisker has laid off 26 employees in Delaware, and 45 in California, after failing to meet DOE deadlines for its production goals. Fisker has been scaling back sales projections for its Karma luxury sports car, after a series of recalls and other issues in getting the car to market. Department of Energy.

Report 154
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10 Cash-Flow Surprises That Could Kill Your Startup

Startup Professionals Musings

Seasonal sales fluctuations eat cash. Fluctuating sales means more inventory is required to cover the ups and downs. If you try to vary the number of employees to match, that costs even more cash for hiring, firing, and layoffs. Sales volumes are still ramping up while marketing expenses are at max.

Startup 114
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Is Your Startup Growing Too Quickly For Cash Flow?

Startup Professionals Musings

Seasonal sales fluctuations eat cash. Fluctuating sales means more inventory is required to cover the ups and downs. If you try to vary the number of employees to match, that costs even more cash for hiring, firing, and layoffs. Sales volumes are still ramping up while marketing expenses are at max.

Startup 64