Tech Zulu Event

AUGUST 14, 2012

A company it bought in May. The company will also close a third of its offices worldwide. Google will however feel the layoffs. Motorola Mobility with its more than 17,000 patents and the 2004 RAZR in 2004 and the Droid and RAZR MAXX successes at acquisition was not a loss to Google.

Layoffs 63

Layoffs Google Mobile Patents 63

socalTECH

NOVEMBER 12, 2013

Costa Mesa-based Emulex said Monday that it is launching a cost cutting effort, a $200M stock buyback, and that Executive Chairman Jim McCluney will exit the company''s board in February. The move comes as Emulex has been looking for a private equity buyer to take the company private. READ MORE>>.

Layoffs 147

Layoffs Equity Acquisition Capital 147

socalTECH

APRIL 5, 2013

Usually, when a company is acquired, it''s great news for investors--and employees. amylin pharmaceuticals diego biotech lifescienec employee jobs layoff' The move was first reported by the U-T San Diego. Amylin Pharmaceuticals as a developer of diabetes drugs. READ MORE>>.

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San Diego Layoffs News Acquisition 153

socalTECH

APRIL 5, 2013

In what will not come as much of a surprise to those following Anaheim-based electric car maker Fisker Automotive , the firm has laid off 160 employees--or most of its staff--as it has so far failed to find a financing partner or acquirer to keep the company in operation. Fisker--which has raised over $1.2 Fisker--which has raised over $1.2

Layoffs 147

Layoffs Acquisition Company Companies 147

socalTECH

MARCH 17, 2017

The company reported a net loss of $1.2 The company says it has been seeing competition in the data storage industry which has "create pressure" on maintaining market share, saying that "market headwinds" have been challenging the company. According to Qualstar, it had a loss of $0.4 million on revenues of $2.2M

Layoffs 113

Layoffs .Net Report Competition 113

socalTECH

FEBRUARY 26, 2009

Los Angeles-based ManiaTV has reportedly laid off 15 of the firm's 33 employees, according to a report in The Deal, as the firm prepares to sell the company. Tags: employment merger layoff hollywood content acquisition entertainment maniatv. The Deal said Revision3 is rumored to be a possible buyer for the firm.

Report 124

Report Layoffs Hollywood Entertainment 124

socalTECH

OCTOBER 12, 2016

Los Angeles-based fashion website NastyGal is apparently in the midst of a "cram down" round--a round where the current shareholders in a company essentially reset the equity structure of a company that usually forces non-participating investors to lose most, if not all of their stake in the company. READ MORE>>.

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Report Layoffs Equity Los Angeles 100

TechCrunch LA

OCTOBER 19, 2019

Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. Livingston had tweeted that Kik had signed a letter-of-intent with a “great company,” but that it was “not a done deal.”

Social Network 153

Social Network Los Angeles Social Media Blogging 153

socalTECH

OCTOBER 8, 2012

The anonymous tipster said that an interim management team is now seeing to sell the company after a severe layoff by its investors. Marina Del Rey-based Cooking.com is looking for a buyer, and has recently laid off at least sixteen staff, according to a reader tip.

Marina Del Rey 133

Marina Del Rey Layoffs Commerce Tips 133

socalTECH

JANUARY 14, 2010

Calabasas-based Ixia , a developer of network testing tools and software, is reporting this morning that it has implemented a "cost reduction initiative" and cut 80 positions from the firm, in what it said was primarily an elimination of duplicate resources from the company's October acquisition of Agilent's N2X product line.

Layoffs 133

Layoffs Calabasas Resource Tool 133

socalTECH

JANUARY 16, 2012

The rumors were denied by the company, although the firm said it has "made decisions to ensure that the company is strategically addressing the most attractive markets." Exactly what that means--the implication is a major realignment or layoff at the company--has not yet become apparent. READ MORE>>.

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THQ Agoura Hills Layoffs Agoura 145

Berkonomics

SEPTEMBER 24, 2015

There are only two types of companies -those which have achieved positive cash flow and those which have not. While it is easy to divide all companies into just these two groups, this simplification ignores whether management has made a conscious, strategic choice about their growth. By John Huston.

Layoffs 120

Layoffs Sales Acquisition Startup 120

Startup Professionals Musings

AUGUST 7, 2020

In a larger public company, it’s all about making your quarterly numbers, versus investing in strategic growth alternatives that may not pay off until several quarters later. Get outside the company regularly to get feedback on future customer needs, emerging technologies, and the views of influencers and experts in the field.

Technical Review 124

Technical Review Layoffs Social Media Metrics 124

socalTECH

MAY 23, 2012

According to an email from Craig, the company decided to close down the BettterWorks perk platform, and will not longer be active after next Thursday. Craig said that the shutdown came as a result of not being able to sustain a large enough market, relative ot the high cost of customer acquisition.

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Santa Monica Redpoint Email Activity 275

socalTECH

JUNE 8, 2017

San Diego-based Inseego , the developer of the MiFi wireless hotspots, has aborted its plans to sell off its MiFi division to Chinese company TCL Industries Holdings (H.K.) Limited , and has embarked on a massive restructuring of the company. Inseego said it would immediately recommit to the Mi-Fi business. READ MORE>>.

Sales 113

Sales Technical Review San Diego Acquisition 113

socalTECH

SEPTEMBER 26, 2008

Autobytel said it has hired RBC Capital Markets to explore "strategic alternatives" at the firm, which usually indicates that a company is looking for a buyer. Autobytel blamed the move on a challenging economy, saying that it expects the firm will be a leaner, more focused company "right-sized" to compete in the current economic climate.

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Layoffs Invest Marketing Capital 100

socalTECH

DECEMBER 12, 2008

Autobytel said that the move affects approximately 40 employees at the company, and will save the company approximately $5.2M Coats has been named the company's President and CEO, replacing current CEO Jeff Riesenbach. in the fourth quarter for the layoffs, including severance for Riesenbach. annually in costs.

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Layoffs Sales Invest Capital 100

socalTECH

JANUARY 16, 2013

Lockerz , the Seattle-based social shopping and e-commerce site backed by Kleiner Perkins Caufield & Byers, has axed the company's San Diego office, in addition to laying off around 30 percent of its staff.

San Diego 164

San Diego Commerce Acquisition Sites 164

socalTECH

APRIL 13, 2020

Our interview today is with Greg Martin , co-founder of LiquidStock (www.liquidstock.com), an investment fund which offers up a way for employees of private companies to exercise their stock options before an IPO or acquisition. However, as companies have stayed private longr, I saw there was a trend happening.

Startup 113

Startup Paramount Invest Capital 113

Xconomy

OCTOBER 7, 2016

—Merrimack Pharmaceuticals (NASDAQ: MACK ) announced layoffs of 22 percent of its staff and the resignation of CEO Robert Mulroy. —Wisconsin: On the heels of a big split, stem-cell pioneer Cellular Dynamics International will spin out a new company that aims to treat retinal disease. CLINICAL NEWS. Image “U.S.

Technical Review 77

Technical Review Study Layoffs San Diego 77

Both Sides of the Table

NOVEMBER 29, 2009

I recently got a phone call from an entrepreneur whom I respect and who runs a company that I hope will do great things one day. He had pitched me in the past and I told him that for a variety of reasons his company was too early stage for me but that I would happily keep track of their progress. Leave them wanting more.

Venture Capital 291

Venture Capital Press News Startup 291

socalTECH

JANUARY 24, 2013

THQ detailed the sale Wednesday night, saying the company's estate will receive approximately $72M in total through the sales of its owned studios and games in development. Troubled Agoura Hills-based videogame maker THQ has officially been broken up into pieces and sold, according to the firm Wednesday evening, after a U.S. READ MORE>>.

THQ 153

THQ Sales Agoura Hills Agoura 153

socalTECH

NOVEMBER 10, 2022

In more continuing turmoil at Twitter, new owner Elon Musk is reportedly ending the ability to work remotely at the social media company, and is demanding employees put in "at least" 40 hours in person at the office each week. The report--from Bloomberg--said that the new rules kick in immediately.

Demand 113

Demand Social Media Report Sites 113

Xconomy

JULY 1, 2016

Andrea Davis looks at company programs trying to boost the Hoosier State’s talent pool—and get more college grads to stay in the area. Layoffs Reflect New Turbulence at High-Flying 3D Robotics. Bruce Bigelow lays out the business challenges of drone companies such as 3D. and cognitive computing efforts in Austin, TX.

Artificial Inteligence 40

Artificial Inteligence Layoffs Report Startup 40

Xconomy

JULY 1, 2016

There was plenty more biomedical news this week, from a downsized IPO to downsizing companies, while ugly sexual harassment details emerged in Seattle. percent of the nation’s cancer cases… two Texas IT companies are building a database with the Medicare records of 1 million cancer patients and will open it to public analysis.

Buzzfeed 59

Buzzfeed News Pricing IBM 59

socalTECH

DECEMBER 9, 2019

According to a memo leaked from Wag's new CEO, Garrett Smallwood, the company is also laying of a number of employees as it looks to have a capital base that is "right-sized to the needs of our business and strategy". Update: According to a spokesperson for Wag, who reached out to this publication, the company "is not seeking a buyer".

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Demand Los Angeles Sales Invest 100

socalTECH

FEBRUARY 5, 2019

Machinima first started developing its gaming-related content back around 2008, and helped usher in a healthy investment market for multi-channel-networks, companies which aggregated multiple YouTube creators and channels into a single media company. READ MORE>>.

Report 127

Report Southern California Media Content 127

socalTECH

DECEMBER 9, 2019

According to a memo leaked from Wag's new CEO, Garrett Smallwood, the company is also laying of a number of employees as it loks to have a capital base that is "right-sized to the needs of our business and strategy". The company also is now seeking a buyer. Smallwood was named CEO of Wag at the end of November. READ MORE>>.

Demand 100

Demand Sales Los Angeles Invest 100

socalTECH

JUNE 2, 2020

Santa Monica-based on-demand scooter company Bird has shut down its operations in the Middle East, according to reports, shutting down Circ, which it had acquired in January, and laid off all of its employees. Bird had only just acquired Circ in January, shortly before the world was hobbled by the pandemic.

Santa Monica 113

Santa Monica Demand Report Funding 113

socalTECH

SEPTEMBER 27, 2016

As part of that restructuring, the company said that investment banker Piper Jaffray is contiuing "exploration of strategic options"for that business. The company did not detail those actions, or if they included staff cuts. Turtle Beach said it has taken actions to "significantly reduce" its operating expenses of that business.

San Diego 100

San Diego Platform Invest Technology 100

socalTECH

NOVEMBER 6, 2015

The company said the drop came due to traffic declines to eHow and lower ad monetization yields. Things looked far better on the other side of the company's business, at Society6, where marketplace revenues grew 63% year-over-year, with a rise to $12.6M The company reported a total, Q3 revenue of $28.5M. in revenues.

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Demand Content eHow Media 100

socalTECH

SEPTEMBER 18, 2008

The company said the restructuring included a reduction in workforce by over 20 percent. The company also said it is looking to divest it infrastructure business units in the new term, and hired an investment banker to manage the sale. The debt comes from Avenue Capital Management II, L.P.

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San Diego Invest Sales Funding 100