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Machinima Cuts 10 Percent More

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Los Angeles-based YouTube network Machinima announced Wednesday afternoon that it has laid off 10 percent of its employees, or 22 employees out of a current staff of 206, as part of a shift in its programming plans. The company said the layoffs come as part of an "increased commitment to premium programming". READ MORE>>.

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Machinima Gets $24M, But Chops Staff

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Los Angeles-based YouTube network Machinima revealed last week that it has raised $24M in a funding round from Warner Bros., along with Redpoint Ventures, MK Capital, Coffin Capital and Allen DeBevoise. investment employment jobs layoff warner capital venture machinima' READ MORE>>.

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Friday roundup: More layoffs, venture roundup, growth at firms, and more

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For more on the economy, Janine Davis, a guest contributor and recruiter in Los Angeles, talks about The State of Technical Recruiting in Los Angeles in our Insights and Opinions section. Finally, Jeff Cohn, a venture capital consultant, tell us 10 Ways President Obama Can Help Create Jobs.

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Jaunt Abandons VR, Makes Big Cuts To Staff

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Virtual 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. Jaunt is based in San Francisco. READ MORE>>.

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