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Sequenom Chops 30 Employees

socalTECH

According to the firm, the cuts were a result of a "continuing weak outlook in 2009" for sales of its equipment, particularly in the U.S. Sequenom said the moves should save it approximately $8M in costs in 2009, and $10M annually. Tags: sequenom genetic analysis employment layoff jobs.

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Power-One Chops Another 300 Workers

socalTECH

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 in sales it had in Q2 of 2008. Tags: power-one power supply employment jobs layoff. READ MORE>>.

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THQ Gains On UFC Title

socalTECH

on sales of $243.5M for its fiscal first quarter, on the strength of the firm's new UFC 2009 Undisputed title. and sales of $137.6M Agoura Hills-based THQ has swung back into the black, saying Tuesday evening that it had net income of $6.4M The positive results compared with a loss of $27.2M last year for the same quarter.

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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.