article thumbnail

Layoffs Take Big Toll In California In 2009

socalTECH

The latest number released from the United States Department of Labor finds that 2009 was an ugly year for Californians, as measured by the number of mass layoffs and jobs lost. The BLS said that 2009 was the worst year since 2002 for California, the last time layoffs surpassed 500,000 employees. READ MORE>>.

Layoffs 159
article thumbnail

Source: Adaptec Shutting Down Lake Forest Site

socalTECH

Adaptec moved into Lake Forest in August of 2008, when it acquired Aristos Logic , a developer of RAID chips and technology. Tags: adaptec jobs layoff employment orange county lake forest. No details on the shutdown have been given, and Adaptec has not returned emails and phone calls requesting confirmation of the move.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Dot Hill Accelerates Carlsbad Closure

socalTECH

The firm has been cutting employees in Carlsbad since at least 2008. Tags: data employment jobs layoff storage systems hill. Dot Hill has been gradually shifting operations away from Carlsbad, and to its new headquarters in Longmont, Colorado.

Layoffs 133
article thumbnail

Power-One Chops Another 300 Workers

socalTECH

in sales it had in Q2 of 2008. Tags: power-one power supply employment jobs layoff. The revelation came as part of the firm's Q2 2009 results, when the firm said it had net sales of $91.2M, a 39% decrease from the $149.3M READ MORE>>.

Layoffs 100
article thumbnail

Cymer Lays Off 100, Makes Across The Board Pay Cuts

socalTECH

Cymer announced the move in conjunction with reduced earnings estimates for Q4 2008. Tags: cymer jobs employment economy layoff semiconductor. The firm said that the move was because business conditions in the firm's industry have "further deteriorated" and demand has dropped for its products. READ MORE>>.

Layoffs 100
article thumbnail

Broadcom To Lay Off 200

socalTECH

The move came after the firm reported net revenues of $1.127 billion for the third quarter of 2008. Tags: jobs employment layoff broadcom. READ MORE>>.

Layoffs 100
article thumbnail

Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

My thesis on why this is happening is that large tech companies didn’t invest enough in R&D between 2008-2010 (Google even went through layoffs!!!) and now they’re all buying their way into innovation and talent. This is cheaper for them than waiting for big competitors and buying companies at big prices.

Invest 284