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Amgen To Cut Nearly 3,000

socalTECH

Amgen expects to reduce operaitng expenses by approximately $700M in 2016. amgen layoff jobs employment biotech lifescience' Amgen said the moves would result in an approximately 23 percent reduction in its facilities footprint. Amgen did not say how many of its staff in Thousand Oaks would be cut. READ MORE>>.

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RadPad Acquired After Rough 2016

L.A. Business Journal

Apartment listing service RadPad of Venice was bought by tenant-screening service LandlordStation of Dallas for an undisclosed amount, following a tough year that included layoffs and court battle with Craigslist.

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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

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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

Divergent 3D made Blade — which was on the auto show circuit in 2016 — to demonstrate the technology platform. In its early years as a company, Divergent 3D was perhaps best known for Blade, the first automobile to use 3D printing to form the body and chassis. Divergent can’t name the customers because of non-disclosure agreements.

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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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OneRoof Energy Cuts Staff, Starts Winding Down Operations

socalTECH

OneRoof attempted to shift its business model in May of 2016 with another staff cut. OneRoof had previously been backed by Black Coral Capital and Hanwha Group, however, Hanwha pulled its backing of the company in October of 2014. READ MORE>>.

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Biotech Roundup: Kadmon Debt, Hemo Data, Loose Lips & More

Xconomy

. —Funding rounds: Cambridge-based Mersana Therapeutics closed a $33 million Series C round with the aim of testing its first drug, an antibody-drug conjugate for breast cancer called XMT-1522… Rockefeller University spinout Rgenix’s $33 million financing was the second largest for a privately held Manhattan biotech this year.

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