socalTECH

FEBRUARY 13, 2020

Irvine-based electric vehicle maker Karma Automotive is laying off 60 more workers in Irvine, as the startup continues to shed workers, according to a Worker Adjustment and Retraining Notification Act (WARN) report issued on Wednesday. The new cuts come on top of an earlier layoff involving 200 workers at the company.

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Layoffs Resource Report Startup 113

Tech.Co

JUNE 24, 2022

A number of tech companies have made the headlines this week for hiring new members of staff, only to rescind such offers before they start. A False Start. Sign up for Tech.co's newsletter today. Perhaps the most concerning thing is that this isn’t just restricted to startups, small or even medium-sized businesses.

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Technical Review Company Companies Startup 133

Tech.Co

OCTOBER 31, 2022

A new survey of over 4,000 laid-off tech workers has revealed that a remarkably large proportion start their own businesses shortly after being made redundant. Out of the 4,188 respondents to Clarify Capital’s 2022 survey , 1,007 had started their own company post-layoff, PC Mag reports. Motivation Factors.

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Layoffs Report Tool Software 142

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.

CTO Hire 197

CTO Hire Layoffs Commerce Email 197

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. 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.

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Layoffs Santa Monica Acquisition Report 187

socalTECH

DECEMBER 12, 2012

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. The layoffs apparently come as the company has sold less than 100 of its automobiles since launching in March, according to the report.

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Layoffs Southern California Santa Monica News 157

socalTECH

MARCH 14, 2019

Santa Monica-based scooter rental service Bird has laid off approximately 5% of its full-time staff, according to a report on Thursday, in what has been attributed to an effort to "contain costs". The report said 40 people were laid off.

Report 124

Report Santa Monica Los Angeles Platform 124

socalTECH

SEPTEMBER 15, 2014

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'

Chatsworth 138

Chatsworth Layoffs News Report 138

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.

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Report Santa Monica Equity Invest 100

TechCrunch LA

JUNE 18, 2022

Last week, we talked about layoffs and the Winklevoss rock gods. If things do fail harder and faster than before, the question is how quickly young startups and crypto communities can adjust to shifting fortunes. NFT infrastructure startup NFTPort raised a $26 million Series A round led by Atomico. crash redux.

Newsletter 278

Newsletter Platform Capital Marketing 278

TechCrunch LA

OCTOBER 19, 2019

It echoes the same message from Kik’s chief executive Tim Livingston last week when he rebuffed earlier reports that the company would shut down amid an ongoing battle with the U.S. Heyward was an early star of the budding Los Angeles startup community with the launch of the anonymous messaging service, Whisper nearly 8 years ago.

Social Network 153

Social Network Los Angeles Social Media Blogging 153

Startup Professionals Musings

AUGUST 1, 2013

The sad truth is that cash flow surprises kill many startups, even though they should have been adequately funded to survive. Your startup may be profitable, but broke. You can make profits without making any money, since the first priority of most startups is to reinvest everything back into the business for growth.

Startup 114

Startup Sales Layoffs Slides 114

Startup Professionals Musings

JANUARY 17, 2016

In the new business world, many entrepreneurs are so excited with large initial orders that they don’t anticipate the cash flow challenges that can quickly kill their startup. Your startup may be profitable, but broke. Fluctuating sales means more inventory is required to cover the ups and downs.

Startup 64

Startup Sales Layoffs Slides 64

socalTECH

JANUARY 30, 2009

Turning to venture capital, it looks like Southern California venture capitalists are mostly missing from the Forbes Midas List this year.

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Southern California Layoffs Mixergy News 100

socalTECH

MARCH 5, 2009

A report in MediaWeek quoted a source saying that the shutdown came because Comerica bank pulled the firm's line of credit, in light of a "rapidly declining" ad business. Tags: jobs employment layoff video comerica content maniatv shutdown. A representative of the firm confirmed the shutdown.

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Layoffs SoCalTech Content Web 100

Xconomy

JULY 1, 2016

Fred Lee, the University of Wisconsin Radiologist With Startup Vision. Ben Fidler chronicles the rise of New York’s life sciences scene, from startups and investors to universities and nonprofits. Layoffs Reflect New Turbulence at High-Flying 3D Robotics. If you read only a few of our stories this year, read these.

Artificial Inteligence 40

Artificial Inteligence Layoffs Report Startup 40

Xconomy

JULY 15, 2016

The week started on a reflective note. And hellos: Third Rock Ventures brought in a well-traveled biotech veteran, Steven Holtzman , to run its hearing-loss startup Decibel Therapeutics. Our San Diego editor Bruce Bigelow penned a personal goodbye to entrepreneur Larry Bock, who died last week of pancreatic cancer at the age of 56.

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News Technical Review San Diego Startup 40

Xconomy

JUNE 30, 2017

The nonpartisan Congressional Budget Office report Monday put the bill’s potential effects in stark relief: $321 billion in deficit reduction because of tax cuts and a Medicare rollback, and 22 million more people uninsured by 2026.

Writing 56

Writing Report Artificial Inteligence San Diego 56