Tech Zulu Event

AUGUST 14, 2012

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. The post Google Confirms Motorola Mobility 4000 Layoffs appeared first on TechZulu. Motorola annual financial report is here.

Layoffs 63

Layoffs Google Mobile Patents 63

socalTECH

MAY 18, 2018

Deails on the layoffs have not been announced by the company, nor reason for the cuts. The layoffs come even as the company has reportedly prepping an IPO offering in June. The cuts were reported by both the Pacific Coast Business Times and Santa Barbara Independent. READ MORE>>.

Santa Barbara 100

Santa Barbara Layoffs Report Media 100

socalTECH

JUNE 17, 2013

fisker automotive cleantech electric auto maker fiskerauto strategic merger acquisition layoff jobs employment bankruptcy' Fisker Automotive is apparently taking bids from investors to acquire the firm, with at least one offer of a mere $20M for the company. READ MORE>>.

Layoffs 170

Layoffs Southern California Venture Capital Acquisition 170

socalTECH

APRIL 5, 2013

However, it looks like the acquisition of San Diego''s Amylin Pharmaceuticals by Bristol-Myers Squibb is turning out not-so-great for employees in the location, after news that Bristol-Myers Squibb plans to close its San Diego operations , resulting in the loss of hundreds of jobs. The move was first reported by the U-T San Diego.

San Diego 153

San Diego Layoffs News Acquisition 153

socalTECH

NOVEMBER 12, 2013

emulex fibre channel storage host adapter hardware merger acquisition jobs layoff employment executive' The company did not say how the cost cutting effort will affect its employees. McCluney had been CEO of Emulex since 2006, only becoming Executive Chairman in July. READ MORE>>.

Layoffs 147

Layoffs Equity Acquisition Capital 147

socalTECH

APRIL 5, 2013

fisker automotive cleantech electric auto maker fiskerauto strategic merger acquisition layoff jobs employment' Fisker--which has raised over $1.2 READ MORE>>.

Layoffs 147

Layoffs Acquisition Company Companies 147

Xconomy

JULY 10, 2019

Eight years after San Diego biotech Prometheus Laboratories was acquired by Nestlé Health Science , the diagnostic business has been sold again, this time to a little-known biotech called Precision IBD that plans to lay off approximately a quarter of Prometheus’s workforce.

Layoffs 91

Layoffs San Diego Develop Development 91

socalTECH

MARCH 17, 2017

Qualstar had a major layoff in March of 2016, along with other cost cutting moves, which looked to have most stemmed its quarterly losses. 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.

Layoffs 113

Layoffs .Net Report Competition 113

socalTECH

SEPTEMBER 8, 2010

Tags: valeant pharmaceuticals lifescience merger acquisition biovail layoff employment jobs.

Layoffs 140

Layoffs Email Acquisition 140

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. READ MORE>>.

Layoffs 133

Layoffs Calabasas Resource Tool 133

socalTECH

OCTOBER 12, 2016

NastyGal--founded by Sophia Amorusa--had been facing some major headwinds over the last few years, which had resulted in Amorusa resigning as CEO and layoffs at the company. The report today, from PandoDaily, follows an earlier report from the fashion industry which said that NastyGal was seeking a buyer for the company.

Report 100

Report Layoffs Equity Los Angeles 100

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

FEBRUARY 26, 2009

Tags: employment merger layoff hollywood content acquisition entertainment maniatv.

Report 124

Report Layoffs Hollywood Entertainment 124

socalTECH

JULY 30, 2012

Billboard magazine reports that BUZZMEDIA has already begun layoffs at the magazine, which is expected to halt print publication with its September/October issue. BUZZMEDIA has not said what it plans to do with SPIN, but the brand undoubtedly will be directed towards bolstering its already large lineup of online, music-focused websites.

Layoffs 124

Layoffs Entertainment Report Los Angeles 124

socalTECH

JANUARY 16, 2012

Exactly what that means--the implication is a major realignment or layoff at the company--has not yet become apparent. THQ said in a statement, released to multiple gaming outlets, that it had has not cancelled its 2014 line-up" although it has "dramatically reduced our commitment to the kids' boxed games sector." READ MORE>>.

THQ 145

THQ Agoura Hills Layoffs Agoura 145

Berkonomics

SEPTEMBER 24, 2015

Usually leading up to the time positive cash flow is initially reached, the management team is not taking a market wage, payables are stretched, and any slowing of receivables collections would likely cause layoffs. They have achieved a level of cash generation which enables “survival” – but it is not sustainable.

Layoffs 120

Layoffs Sales Acquisition Startup 120

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. In 2017, TechCrunch reported that Whisper underwent significant layoffs to stave off collapse and put the company on a path to profitability. Securities and Exchange Commission.

Social Network 153

Social Network Los Angeles Social Media Layoffs 153

Startup Professionals Musings

AUGUST 7, 2020

You need to be constantly assessing mergers and acquisitions, as well as divestitures. This means identifying initiatives early, communicating openly with your team, and asking for their help on the dilemmas of production cuts and layoffs. Hone your process for due diligence and integrating these new elements.

Technical Review 124

Technical Review Layoffs Social Media Organization 124

socalTECH

SEPTEMBER 26, 2008

The firm said it expects to save $10M annually as a result of the layoffs and elimination of other expenses. 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. READ MORE>>

Layoffs 100

Layoffs Invest Marketing Capital 100

socalTECH

DECEMBER 12, 2008

in the fourth quarter for the layoffs, including severance for Riesenbach. Coats is a partner at Southgate Alternative Investments, and previously served on Autobytel's board of directors. The firm will take a charge of $4.5M

Layoffs 100

Layoffs Sales Invest Capital 100

socalTECH

MAY 23, 2012

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. 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.

Santa Monica 275

Santa Monica Redpoint Email Activity 275

socalTECH

JUNE 8, 2017

Falcone said in a statement that the MiFi team was "one of the most innovative engineering teams in wireless technologies" before the company's "distracting acquisitions and the expansion into IoT hardware and modules". Inseego said it would immediately recommit to the Mi-Fi business. READ MORE>>.

Sales 113

Sales Technical Review San Diego Acquisition 113

Xconomy

OCTOBER 7, 2016

—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. CLINICAL NEWS. At MIT, we will showcase a series of talks with Boston-area scientists, investors, and executives.

Technical Review 77

Technical Review Study Layoffs San Diego 77

socalTECH

JANUARY 16, 2013

Lockerz' San Diego team came from the January, 2011 acquisition of Plixi, which was formerly known as TweetPhoto, which developed software and services which allowed Twitter users to share photos.

San Diego 164

San Diego Commerce Acquisition Sites 164

Both Sides of the Table

NOVEMBER 29, 2009

He had 2 weeks’ cash left in the bank and was facing massive layoffs or potentially bankruptcy. We plan to continue to use PR as an ongoing part of our customer acquisition strategy.&#. A good friend of mine was features on the front cover of the LA Times business section with a glowing article. Leave them wanting more.

Venture Capital 291

Venture Capital Press News Startup 291

Xconomy

JULY 1, 2016

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. AgTech Accelerator Aims to Sway Agriculture Investment Trends.

Artificial Inteligence 40

Artificial Inteligence Layoffs Report Startup 40

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. Two, is to have the peach of mind of share ownership. We have a really elegant solution to do that.

Startup 113

Startup Paramount Invest Capital 113

Xconomy

JULY 1, 2016

—In the pink slip department, Cambridge-based Infinity Pharmaceuticals (NASDAQ: INFI ) announced 100 layoffs , more than half its workforce, after it terminated its partnership with AbbVie (NYSE: NYSE ) around the cancer drug duvelisib. Analysts wondered if the Tesaro news would push Medivation’s acquisition price higher.

Buzzfeed 59

Buzzfeed News Pricing Report 59

socalTECH

JANUARY 24, 2013

THQ said it will continue to employ "a small number" of headquarters staff to assist in the transition. 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

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

FEBRUARY 5, 2019

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. The shutdown comes after a reorganization of the digital properties of AT&T, as well as its Otter Media subsidiary.

Report 127

Report Southern California Media Content 127

socalTECH

DECEMBER 9, 2019

Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, according to CNBC. The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund.

Demand 100

Demand Los Angeles Sales Invest 100

socalTECH

DECEMBER 9, 2019

Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, and is now seeking a sale, according to CNBC. The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund.

Demand 100

Demand Sales Los Angeles Invest 100

socalTECH

SEPTEMBER 27, 2016

San Diego-based audio technology developer Turtle Beach said Monday that it is restructuring its HyperSound business, in a bid to lower the operating costs of that business. As part of that restructuring, the company said that investment banker Piper Jaffray is contiuing "exploration of strategic options"for that business.

San Diego 100

San Diego Platform Invest Technology 100

socalTECH

NOVEMBER 6, 2015

Santa Monica-based Demand Media is continuing to see a steep drop in revenues from its content and media efforts, reporting Thursday afternoon that it had $15.9M in revenues from its Content & Media segments, compared with $33.6M in the same quarter in 2014.

Demand 100

Demand Content eHow Media 100

socalTECH

JANUARY 17, 2011

Irvine-based Kofax , a provider of document management software and hardware, said Sunday that it is selling its hardware business to a German private equity firm, and cutting staff. Kofax said it is selling the business to Hannover Finanz, in a deal expected to be worth approximately $20M after tax.

Equity 145

Equity Software Sales Layoffs 145