socalTECH

OCTOBER 25, 2013

Los Angeles-based Demand Media has juts cut fifteen members of the company''s research and development unit, according to a report from Variety. According to the report , the cuts included Chief Innovation Officer Byron Reese, and were a result of the abrupt resignation of CEO Richard Rosenblatt last week. READ MORE>>.

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Demand Media Report Layoffs 153

socalTECH

JULY 3, 2013

Los Angeles-based BeachMint , headed by Josh Berman and Diego Berdakin, has a message to the Los Angeles technology community: the company is still alive, kicking, and has the full support of its investors. The message came after a report that BeachMint was returning $20M to its investors and had ousted its founders.

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Report Layoffs Los Angeles Sales 173

TechCrunch LA

JANUARY 26, 2022

“[W]e are shifting our technology strategy to leverage external partners for parts of our platform that we’re currently maintaining internally,” Weiss wrote in the email announcing the layoffs to staff. The tech team layoffs are notable for a beauty retailer that has often described itself as a technology company.

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CTO Hire Layoffs Commerce Email 197

socalTECH

OCTOBER 4, 2012

Los Angeles-based ShoeDazzle has cut a significant amount of its staff, according to sources, saying that the company had "major layoffs" Thursday morning. ShoeDazzle's public relations firm could not comment on the report, and the company had yet to reply to requests forwarded to them at press time.

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Report Layoffs Commerce Press 185

Tech.Co

OCTOBER 31, 2022

A huge number of tech companies have made layoffs in 2022 , whilst others have taken advantage of video conferencing software and other remote collaboration tools to offer flexible working arrangements and retain the best talent. Quick out the Blocks. Challenges for New Businesses. But this isn’t necessarily the case.

Layoffs 145

Layoffs Report Tool Software 145

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

socalTECH

DECEMBER 8, 2016

Los Angeles-based Honest Company , the online provider of eco-friendly baby, personal care, and other household goods led by Brian Lee and co-founded by Jessica Alba, has quietly let go of 80 employees --or nearly 14% of the company--in what the company has billed as a "growth positioning".

Company 100

Company Companies Report Los Angeles 100

TechCrunch LA

MARCH 3, 2019

Tesla will pull back the curtains and unveil its Model Y crossover vehicle at an event in Los Angeles on March 14th, according to a tweet from chief executive Elon Musk. It’s the fifth new car design to come from Tesla’s shop since the company was founded in 2003. There will be some layoffs as a result.

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Design Layoffs Pricing Los Angeles 272

socalTECH

SEPTEMBER 15, 2014

Boulder Electric Vehicles , a startup developing electric powered has shut down its production facility in Chatsworth, as the company looks for a buyer. The move was originally reported by The Daily News. boulder electric vehicles shutdown angeles cleantech truck auto transportation layoff'

Chatsworth 138

Chatsworth Layoffs News Report 138

socalTECH

MARCH 14, 2019

Santa Monica-based scooter rental service Bird has laid off approximately 5% of its full-time staff, according to a report on Thursday, in what has been attributed to an effort to "contain costs". The report said 40 people were laid off.

Report 124

Report Santa Monica Los Angeles Platform 124

socalTECH

OCTOBER 8, 2018

Los Angeles-based electric car maker Faraday Future is facing new financial woes this morning, after the Chinese company which bailed out the company at the end of 2017 filed notice that it would seek to terminate a deal to invest a total of $2 billion into Faraday Future, reached last year. READ MORE>>.

Layoffs 113

Layoffs Los Angeles Invest Report 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.

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Report Layoffs Hollywood Entertainment 124

socalTECH

DECEMBER 15, 2012

High flying, YouTube network Machinima has laid off 10 percent of its staff, as part of a reorganization, according to reports Friday evening. News of the layoffs first trickled out via Twitter from many of the firm's former employees. READ MORE>>.

Layoffs 159

Layoffs News Content Los Angeles 159

socalTECH

FEBRUARY 23, 2015

Los Angeles-based YouTube network Machinima revealed last week that it has raised $24M in a funding round from Warner Bros., However, the company also made some big cuts in its staff on Friday, following the funding round. The company has now raised nearly $100M in funding over its lifetime. READ MORE>>.

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Layoffs Redpoint Hollywood Report 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

JANUARY 13, 2023

Singapore-based Crypto.com--the cryptocurrency company which owns the naming rights to the Crypto.com Arena in Los Angeles--has cut 20 percent of its staff, citing "economic headwinds" and "unforeseeable" events in the crypto industry. reportedly impacted more than 2,000 people. Crypto.com blamed the collapse of FTX.

Los Angeles 100

Los Angeles Report Angel Company 100

TechCrunch LA

JUNE 18, 2022

Last week, we talked about layoffs and the Winklevoss rock gods. Few companies have to deal with the stressed of both crypto and public markets like Coinbase which laid off more than 1,100 people this week, but plenty of startups raised mega-rounds in 2021 to theoretically future-proof their companies. crash redux.

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Newsletter Platform Capital Marketing 278

socalTECH

MARCH 5, 2009

Los Angeles-based ManiaTV has shut its doors, after failing to find a buyer, according to the firm. A report in MediaWeek quoted a source saying that the shutdown came because Comerica bank pulled the firm's line of credit, in light of a "rapidly declining" ad business.

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Layoffs SoCalTech Content Web 100

Both Sides of the Table

JANUARY 26, 2013

If you’re a very early stage startup that just raised your first angel money it is very possible that the funding announcement will be your first big tech news. But succinctly this press places a marker in the ground for your company. There are reasons you may delay funding announcement but rarely reasons not to announce.

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Startup Funding News Press 355

socalTECH

SEPTEMBER 29, 2011

Irvine-based Specific Media has cut a small amount of its staff, as it continues to absorb its buy of Los Angeles-based MySpace. Specific Media would not confirm the exact extent of its cuts, but reports say the cuts were less than 8 percent of the firm. READ MORE>>.

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Media Los Angeles Report Sales 150

Xconomy

JULY 15, 2016

There were other goodbyes: Peter DiLaura said so long to Second Genome, the microbiome company he led for six years. —The federal group that runs Medicare and Medicaid banned Theranos CEO Elizabeth Holmes from running a lab for two years, throwing into question the viability of the company. —Enough good trial news.

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News Technical Review San Diego Startup 40