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Qualstar Continues To Look At Strategic Options

socalTECH

for the quarter ended December 31, 2016. Qualstar had a major layoff in March of 2016, along with other cost cutting moves, which looked to have most stemmed its quarterly losses. According to Qualstar, it had a loss of $0.4 million on revenues of $2.2M The company reported a net loss of $1.2

Layoffs 113
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Machinima Lays Off Most Employees, Ceases Operations, Say Reports

socalTECH

in 2016, in a deal then reported as worth less than $100M. 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. Machinima had been acquired by Warner Bros.

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Xconomy’s Top Innovation Stories of the Half Year

Xconomy

Here we are at the midpoint of 2016 already. Layoffs Reflect New Turbulence at High-Flying 3D Robotics. Jeff Engel maps out New England’s cluster of cybersecurity companies—one of the region’s strengths (and a rich source of acquisition targets). Amid Leadership Changes, NY Biotech Braces for Its Pivotal Moment.

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Bio Roundup: Theranos Cuts, Alnylam Stops, Nobel Eats Its Own & More

Xconomy

—The 2016 Nobel Prize for Physiology or Medicine went to Yoshinori Ohsumi of the Tokyo Institute of Technology. —Merrimack Pharmaceuticals (NASDAQ: MACK ) announced layoffs of 22 percent of its staff and the resignation of CEO Robert Mulroy. Territorial Acquisitions” by Joaquin Martinez via Creative Commons.