Nestlé Sells Gut-Health Test Maker Prometheus Labs, Layoffs Expected

Xconomy

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.

Alexander Kjerulf's Chief Happiness Officer blog, and surviving a downturn without layoffs

CEO Flow

Alexander Kjerulf is a great writer, and I recommend you check out his blog. By the way, I would never tell a CEO to do everything they can to avoid layoffs. Is there a better way out of a corporate crisis than layoffs?

Alexander Kjerulf's Chief Happiness Officer blog, and surviving a downturn without layoffs

CEO Flow

Alexander Kjerulf is a great writer, and I recommend you check out his blog. By the way, I would never tell a CEO to do everything they can to avoid layoffs. Is there a better way out of a corporate crisis than layoffs?

Alexander Kjerulf's Chief Happiness Officer blog, and surviving a downturn without layoffs

CEO Flow

Alexander Kjerulf is a great writer, and I recommend you check out his blog. By the way, I would never tell a CEO to do everything they can to avoid layoffs. Is there a better way out of a corporate crisis than layoffs?

Alexander Kjerulf’s Chief Happiness Officer blog, and surviving a downturn without layoffs

CEO Flow

Alexander Kjerulf is a great writer, and I recommend you check out his blog. By the way, I would never tell a CEO to do everything they can to avoid layoffs. Is there a better way out of a corporate crisis than layoffs?

Bio Roundup: Bosley’s Editas Exit, Bridge Bucks, CRISPR Crime & More

Xconomy

In a week of big personnel moves, none was more surprising than Editas Medicine CEO Katrine Bosley’s departure. After guiding the CRISPR-Cas9 genome-editing startup from scientific breakthrough toward the development of a potential cutting-edge medicine, slogging victoriously through a legendary patent fight , and reaching the cusp of an historic clinical trial , the well-traveled Bosley is cutting out, the company said Tuesday. Investors were not happy.

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Bio Roundup: Healthcare Is Hard, “Slow” FDA, Drugging RNA & More

Xconomy

In an address to Congress this week, President Donald Trump outlined many of his near-term goals, including an overhaul of the Affordable Care Act, also known as Obamacare, even as public opinion has begun to shift in favor of the law.

Bio Roundup: Phase 3 Fails, Shkreli Jailed, Moderna Flip-Flops & More

Xconomy

It was a week of realignments. President Trump, who used to be known as “The Donald” but now goes by “ Amnesty Don ,” kept up the parlay-voo with his new friends Chuck and Nancy. Martin Shkreli, who was once known— and still is! —as the “pharma bro,” will have a new perspective for a while, through the bars of a jail cell. In Cambridge, MA, Moderna Therapeutics promised more clinical data as it reasserts central control over its drug R&D.

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Bio Roundup: NY Rises, Prez Inks Cures, Ophthotech Crashes & More

Xconomy

The 21st Century Cures Act is now law. New York wants to play in the biotech big leagues. The FDA under Trump will have license to approve drugs faster and could have a former top official back on board as commissioner. An eye drug failed, an Alzheimer’s drug got scrutinized, and a new antibiotic passed two key tests.

Bio Roundup: Theranos Cuts, Alnylam Stops, Nobel Eats Its Own & More

Xconomy

—Merrimack Pharmaceuticals (NASDAQ: MACK ) announced layoffs of 22 percent of its staff and the resignation of CEO Robert Mulroy. With the Caribbean and now the southeast U.S. coast bearing the brunt of Hurricane Matthew, we send our thoughts and more to those who have more pressing matters to worry about this week. But the show must go on. The biotech industry saw its own storms pass through, with Theranos, Alnylam Pharmaceuticals, and Merrimack Pharmaceuticals taking direct hits.

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Bio Roundup: Senate Drama, A.I. Stories, Data Dives, Shkreli & More

Xconomy

There is no Obamacare replacement, at least not as of this writing. The Senate Republicans are fractured, with a handful of conservatives and moderates each giving a cold shoulder to their chamber’s version of healthcare reform, the Better Care Reconciliation Act.

Bio Roundup: Trump’s Rx Silence, PCSK9 News, Amgen’s Migraines & More

Xconomy

Speculation swirled this week around the incoming U.S. president’s intent to make good on his angry campaign rhetoric on drug prices, while the Associated Press reported that naming-and-shaming—that is, Congress hauling executives into hearings and penning angry letters—certainly hasn’t done the trick.

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Jaunt Abandons VR, Makes Big Cuts To Staff

socalTECH

However, in a blog posting , Jaunt said it is "letting go of a significant portion of our staff." jaunt virtual reality content augmented layoff jobs employment deadpool hollywoodVirtual reality studio and content producer Jaunt --which has a virtual reality content development effort in Los Angeles--said on Monday that it is "winding down" a number of its virtual reality products and content services, and switching its focus to augmented reality.

Biotech Roundup: Kadmon Debt, Hemo Data, Loose Lips & More

Xconomy

Familiar biotech names—not necessarily familiar for the right reasons—made news this week in biotech. Data from a hematology conference stoked dreams of approval, though still on a far horizon, for a couple drug makers. Long anticipated, Walgreens officially cut ties with Theranos , and the FDA both gave and denied approvals. You think a Game 7 in the NBA Finals is going to be epic? Wait ’til you check out our weekly biotech roundup.

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Buzz Media Trims Staff At Idolator

socalTECH

Hollywood-based Buzz Media the venture backed content, media, and community site, has made more cuts , this time at the firm's Idolator blog. Buzznet bought music blog Idolator in April of last year. Tags: buzz media buzznet employment jobs layoff blog blogging idolator music content According to a post by one of its editors earlier this month, the site has cut "pretty much all" of Idolator's contributing writers, including columnists and daily bloggers.

Media 100

Biotech Roundup: Hellos, Goodbyes, “Cures” Delays And Trial News

Xconomy

Layoffs will hit two New Jersey sites and one in Pennsylvania, resulting in a loss of less than 10 percent of its “discovery, preclinical and early development” staff, a spokeswoman said via e-mail. The week started on a reflective note. Our San Diego editor Bruce Bigelow penned a personal goodbye to entrepreneur Larry Bock, who died last week of pancreatic cancer at the age of 56.

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Biotech Roundup: Moonshots, Pink Slips, Gilead, Brexit & More

Xconomy

—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. The word of the week was “moonshot,” as U.S. Vice President Joe Biden’s cancer initiative convened a summit in Washington, DC.

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Xconomy’s Top Innovation Stories of the Half Year

Xconomy

Layoffs Reflect New Turbulence at High-Flying 3D Robotics. Here we are at the midpoint of 2016 already. Time to look back on the past six months—and some of the top stories of the year so far.

6 Keys To Growing Your Career Through The Gig Economy

Startup Professionals Musings

Every employee or entrepreneur needs to build a competitive reputation on the Internet, through a website, blog, LinkedIn profile, and social media. Don’t wait for your next company layoff to get you started.

Should Startups Announce Their Funding?

Both Sides of the Table

One of the advantages of blogging, using social media, public speaking, etc as a VC is that you get a more nuanced view of these shifts by watching your own successes and failures. This is true on all of the major tech blogs.

Report: Buzznet Chops Staff

socalTECH

Hollywood-based, music-related blog and content firm Buzznet has reportedly cut employees, according to a report from Digital Music News. According to the publication, citing a representative of the firm, Buzznet has eliminated 10 employees, from a total of 89 staff. This publication has not yet confirmed the cuts with the firm.

Mahalo Cuts Staff

socalTECH

Santa Monica-based Mahalo, the search and news site run by Jason Calacanis, has cut 10 percent of the firm's staff, Calacanis said in a post on his blog Wednesday. Calacanis said that the moves were due to a "challenging economic environment." According to Calacanis, the firm is "fairly certain" that advertising for the next two years will be "severely depressed." The cuts will give the company runway past 2012. Mahalo is venture backed by Burda Digital Ventures, CBS, News Corp.,

Mahalo 100

Uber Shuts Down

socalTECH

Uber developed software used to upload, organize, and share content through a free web site; the site also provided photo galleries, slide shows, videos, and blogs. Los Angeles-based Uber, the online social networking web site run by former Friendster CEO Scott Sassa, has shut down. According to the firm's web site, as of September 29, the firm's investors have decided to stop supporting the site, and the company has closed its doors. Uber blamed the crisis in the economy for the shutdown.

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A Post Startup Execs Should Forward to Your Spouse or Partner. 12 Tips for Making it Work

Both Sides of the Table

Anyway, as I winnowed my way through the comments section of my blog post on relationships I realized my own wife has posted a response! I recently wrote a post about how to manage relationships when you’re at a startup or are busy executive.

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Save Your Spin for Someone Who Cares

Both Sides of the Table

He had 2 weeks’ cash left in the bank and was facing massive layoffs or potentially bankruptcy. In another post I’ll talk about how PR has changed dramatically in the past 10 years or you can just read Brian Solis’s blog or buy his book on the subject.

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How to Quit Your Job

Both Sides of the Table

When I started blogging I had an idea. Trust me, if they were doing layoffs they wouldn’t keep you an extra month just to be nice. File this under entrepreneurial advice. I know that this will sound like a random post topic for startup advice but I promise it’s relevant.

10 Keys To Team Motivation For A Winning Business

Startup Professionals Musings

Recruiting is the inverse of layoffs, which reduces motivation in everyone. Marty Zwilling Disclosure: This blog entry sponsored by Visa Business and I received compensation for my time from Visa for sharing my views in this post, but the views expressed here are solely mine, not Visa''s.

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Job Hoppers Redux: An Employee’s Perspective

Both Sides of the Table

What happens when I write blog posts is that I type really quickly what is in my brain and hit send with very little revision. I’ve already covered some such as changing geographies, going through layoffs, changing career direction, etc.