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Glossier just laid off one-third of its corporate employees, mostly in tech

TechCrunch LA

The email recounts some of the company’s recent mistakes, including prioritizing strategic projects that “distracted” the company from its core beauty business and that executives “got ahead of ourselves on hiring.”. E-commerce sales typically account for 80% of Glossier’s revenue, the Business of Fashion reported last July. .

CTO Hire 197
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EV subscription startup Canoo, co-founder sued for alleged harassment

TechCrunch LA

Just weeks after Canoo took the wraps off of its electric vehicle , the Los Angeles-based startup and co-founder Stefan Krause has been accused of gender and marital discrimination, harassment, breach of contract, and wrongful termination in a lawsuit filed Tuesday. Stefan Krause filed for divorce from Christina Krause in July 2019.

CTO Hire 198
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Faraday Future Loses Three Executives

socalTECH

Los Angeles-based electric car developer Faraday Future , even after dramatically scaling back its ambitious plans, appears to be circling the drain--losing three executives, including its CFO, CTO, and head of its manufacturing line. In addition, Faraday Future said it had "terminated immediately" the employment of CTO Ulrich Kranz.

CTO Hire 113
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Veoh's Shapiro Named CTO Of MySpace Music

socalTECH

Los Angeles-based MySpace Music announced this morning that it has hired Dmitry Shapiro , who founded Veoh, as its new Chief Technology Officer. Shapiro will be based in Beverly Hills, and report to MySpace Music President Courtney Holt. Shapiro was founder and CEo of Veoh Networks until its bankruptcy filing in February.

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Interview with Scot Richardson, Laughstub

socalTECH

For this morning's interview, we spoke with Scot Richardson , CEO of Los Angeles-based LaughStub (www.laughstub.com), which develops software which helps comedy clubs and others manage ticket sales, online marketing, and customer relationship management. Scot Richardson: Yes, they've hired us, and we hope it's a good sign.

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Why Online Video Just Took One More Big Step to Legitimacy

Both Sides of the Table

Our industry just took one big step towards legitimacy with the hiring of renowned media exec Ynon Kreiz to run Maker Studios. This followed an investment late last year by Time Warner in the company in a round totaling $36 million , led by Rachel Lam , head of their investment group. Los Angeles Tech Market Analysis'

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Lead Developer to CTO at a Startup

SoCal CTO

I seem to encounter a lot of people who want to attach a CTO label to me as I'm the only programmer on the founding team of three. While I do fill that role at the moment, I'm a little hesitant to refer to myself as a CTO as we still haven't launched a product, acquired a single user, or turned or a penny in profit. Accounting?

CTO Coach 231