socalTECH

MARCH 20, 2019

Los Angeles-based electric car maker Faraday Future , in a bid to stay afloat, has sold off its headquarters to a real estate investor, according to a report on Wednesday. The report says Faraday Future is leasing back the headquarters, which it sold to real estate investor Atlas Capital, for around $10M.

Report 113

Report Layoffs Los Angeles Capital 113

socalTECH

APRIL 1, 2009

San Diego- and Los Angeles-based online video site Veoh is reportedly in the midst of a "major restructuring," according to a report from VentureBeat. Quoting a "source close to the company" VentureBeat said that the layoffs would be "drastic." Tags: veoh layoff jobs video content. READ MORE>>.

Veoh 100

Veoh Layoffs Report San Diego 100

socalTECH

OCTOBER 12, 2016

The report today, from PandoDaily, follows an earlier report from the fashion industry which said that NastyGal was seeking a buyer for the company. NastyGal--founded by Sophia Amorusa--had been facing some major headwinds over the last few years, which had resulted in Amorusa resigning as CEO and layoffs at the company.

Report 100

Report Layoffs Equity Los Angeles 100

socalTECH

FEBRUARY 23, 2015

along with Redpoint Ventures, MK Capital, Coffin Capital and Allen DeBevoise. According to reports from the Hollywood Reporter, Machinima cut 14 percent of its staff on Friday, immediately following the announcement of the new funding round from its backers. READ MORE>>.

Layoffs 100

Layoffs Redpoint Hollywood Report 100

socalTECH

DECEMBER 11, 2009

According to InsideHPC, Verari Systems shut down due to lack of access to capital. Verari had raised over $59M in funding from such investors as Carlyle Group, Celerity Partners, Sierra Ventures, and Voyager Capital. Tags: verari systems blade server shutdown employment jobs layoff. READ MORE>>.

Layoffs 133

Layoffs Technical Review San Diego Report 133

socalTECH

JANUARY 30, 2009

Finally, Jeff Cohn, a venture capital consultant, tell us 10 Ways President Obama Can Help Create Jobs. Turning to venture capital, it looks like Southern California venture capitalists are mostly missing from the Forbes Midas List this year.

Southern California 100

Southern California Layoffs Mixergy News 100

socalTECH

MARCH 5, 2009

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. Last month, the firm's CEO, Peter Hoskins, told socalTECH that the "Most of what we do is consistently profitable, by design.

Layoffs 100

Layoffs SoCalTech Content Web 100