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

TechCrunch LA

The cuts, which amount to around one-third of Glossier’s corporate workforce, will primarily impact the company’s technology team. “[W]e 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.

CTO Hire 197
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RealD Cuts Staff, Downsizes Facilities

socalTECH

Los Angeles-based 3D movie project technology developer RealD said this morning that it has cut its headcount, and will be downsizing its facilities, as part of a expense reduction move. According to RealD, the cuts include the elimination of certain sales and marketing and research and development expenditures. READ MORE>>.

Layoffs 147
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Beachmint: We're Still Alive, Kicking, Despite Reports

socalTECH

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. BeachMint said that the firm has grown 40% year over year, in both sales and subscribers. READ MORE>>.

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Interview with Minnie Ingersoll, TenOneTen Ventures

socalTECH

We all have backgrounds in technology, and it's what we understand the best. Sometimes what I say, is if brand is your moat, and you're a direct-to-consumer company, versus where you really have some technology, and you have some IP, that's the side of the spectrum we play on. What's the hardest part of being a startup entrepreneur?

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Struggling EV firm Faraday Future gets another financial lifeline with new $225M investment

TechCrunch LA

To secure the financing, Faraday said it had its intellectual property and technology valued — they are apparently worth $1.25 The company has yet to enter mass production five years after its launch, mainly as a result of a series of financial issues that have ended in layoffs, unpaid wages, furloughs, property selloffs and much more.

Invest 143
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Ryan Blair, HashtagOne: From Gang Member, To Entrepreneur, To Anti-VC

socalTECH

He eventually founded and sold consumer health firm ViSalus to a public company and is now back making investments, in technology companies, as a venture capitalist here at Los Angeles-based HashtagOne (www.hashtagone.com). I had a sales force when I was at SkyPipeline, selling telecom, networking, and broadband wireless products.

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CyberDefender's Guseinov Steps Down, Firm Chops Staff

socalTECH

Los Angeles-based CyberDefender , the developer of Internet security software and remote technical support, said Tuesday that Chairman and CEO Gary Guseinov has resigned. As part of the shuffle, the firm said it will focus on its LiveTech service offering, and discontinue development of proprietary software intended for sale to consumers.