socalTECH

NOVEMBER 12, 2013

According to Emulex, it expects to save $30M in annual costs through a "cost savings program", and will purchase $200M in its shares in a share repurchase program, as part of an effort to return capital to its shareholders. emulex fibre channel storage host adapter hardware merger acquisition jobs layoff employment executive'

Layoffs 147

Layoffs Equity Acquisition Capital 147

socalTECH

NOVEMBER 19, 2009

Tags: aptera venture capital layoff employment jobs electric green automobile auto.

Layoffs 145

Layoffs Idealab Venture Capital Google 145

socalTECH

NOVEMBER 25, 2008

A spokesperson at the firm told socalTECH that the shutdown occurred yesterday, and that the firm is now in the process of looking for buyers of its technology. High Tower was backed by Falcon Fund, Hallador Venture Fund, INROADS Capital Partners, J.F.

Software 124

Software Tech Coast Angels SoCalTech Funding 124

socalTECH

MARCH 20, 2019

The report says Faraday Future is leasing back the headquarters, which it sold to real estate investor Atlas Capital, for around $10M. Faraday Future has been facing financial issues due to a dispute with its lead investor, which has resulted in layoffs at the company, numerous lawsuits from vendors, and executive departures.

Report 113

Report Layoffs Los Angeles Capital 113

socalTECH

FEBRUARY 23, 2015

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

Layoffs 100

Layoffs Redpoint Hollywood Report 100

socalTECH

NOVEMBER 3, 2008

A spokeperson for the firm told socalTECH that the change was due to an "unprecedented change in the economic environment." According to Spot Runner, the 115 represents about 30 percent of the company. READ MORE>>

SoCalTech 113

SoCalTech Advertising Venture Capital Resource 113

socalTECH

MAY 15, 2020

The funding came from Voyager Capital and the Emerson Collective. Syndio's software is used to analyze employee compensation in real time, determining how hiring, promotion, layoffs, and other factors change pay equity. Syndio's headquarters are in Seattle, but co-founder and Chief Data Scientist Zev Eigen is based in Los Angeles.

Layoffs 113

Layoffs Equity Los Angeles Software 113

socalTECH

MARCH 19, 2009

According to Cortex, it has reduced its personnel by approximately 50 percent, because of the "continuing uncertainty in the capital markets" and the economy. Tags: employment layoff cortex pharmaceuticals psychiatric lifescience.

Layoffs 100

Layoffs Research Capital Funding 100

socalTECH

FEBRUARY 27, 2015

Nasty Gal founder Sophia Amoruso recently stepped down as CEO , and the company had some major layoffs last September. nastygal fashion executive retailer venture capital' Nasty Gal has previously raised funds from Index Ventures. READ MORE>>.

Layoffs 100

Layoffs Venture Capital Los Angeles Funding 100

socalTECH

SEPTEMBER 26, 2008

Autobytel said it has hired RBC Capital Markets to explore "strategic alternatives" at the firm, which usually indicates that a company is looking for a buyer. The firm said it expects to save $10M annually as a result of the layoffs and elimination of other expenses. Autobytel provides marketing services for automotive dealers.

Layoffs 100

Layoffs Invest Marketing Capital 100

socalTECH

JANUARY 16, 2009

Among other cost cutting actions, the firm said it will implement a 10 percent reduction in employee base pay, suspend its 401(k) matching program, suspend annual increases and bonuses, and make "significant reduction" in its non-essential operation and capital expenditures. Tags: cymer jobs employment economy layoff semiconductor.

Layoffs 100

Layoffs San Diego Demand Capital 100

socalTECH

DECEMBER 12, 2008

in the fourth quarter for the layoffs, including severance for Riesenbach. The firm also reiterated its interest in a sale; the firm said it is still pursuing "strategic alternatives" with RBC Capital Markets. The firm will take a charge of $4.5M

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Layoffs Sales Invest Capital 100

socalTECH

JUNE 21, 2019

Why did you decide to move to venture capital? We had to do a reduction-in-force and layoff early in our career, and I thought we were done. I've been going through the startup journey, and just finished our Series D investment. That allowed me to take a step back, and relocate. Minnie Ingersoll: That's a good question.

Southern California 133

Southern California Startup Layoffs Venture Capital 133

socalTECH

OCTOBER 12, 2016

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. The report today, from PandoDaily, follows an earlier report from the fashion industry which said that NastyGal was seeking a buyer for the company.

Report 100

Report Layoffs Equity Los Angeles 100

socalTECH

APRIL 13, 2020

We raised $160M, and our core limited partners are Goldman Sachs, Morgan Stanley, and Coller Capital. Greg Martin:I still have a venture firm, Archer Venture Capital, and continue to invest in later stage venture cpaital opportunities. Because of our capital partners, that's something we can offer. We feel very good.

Startup 113

Startup Paramount Invest Capital 113

socalTECH

OCTOBER 16, 2018

Jaunt's backers include Disney, Evolution Media Partners, and China Media Capital (CMC). However, in a blog posting , Jaunt said it is "letting go of a significant portion of our staff." Jaunt is based in San Francisco. READ MORE>>.

Content 113

Content Los Angeles Blogging Media 113

socalTECH

MAY 25, 2016

OneRoof Energy is backed by Black Coral Capital. The company said it is moving away from the more traditional, door-to-door and other aggressive sales tactics that are being used in the solar market. READ MORE>>.

San Diego 113

San Diego Sales Invest Services 113

socalTECH

OCTOBER 22, 2008

and Sequoia Capital, and provides human-edited search pages and news summaries. 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., READ MORE>>

Mahalo 100

Mahalo Santa Monica News Summary 100

socalTECH

FEBRUARY 17, 2017

Sending the zeros and ones into the air was the same and sending nutrients into your mitochondria, except that at Visalus, it was not capital intensive like it was at SkyPipeline. It was really the same business, but with less capital. Ryan Blair: I took $20M of personal capital to start the fund. So where is the fund now?

Venture Capital 100

Venture Capital Entrepreneur Technical Review Software Review 100

socalTECH

DECEMBER 9, 2019

According to a memo leaked from Wag's new CEO, Garrett Smallwood, the company is also laying of a number of employees as it loks to have a capital base that is "right-sized to the needs of our business and strategy". The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund. READ MORE>>.

Demand 100

Demand Sales Los Angeles Invest 100

socalTECH

DECEMBER 19, 2016

OneRoof had previously been backed by Black Coral Capital and Hanwha Group, however, Hanwha pulled its backing of the company in October of 2014. The company said it is now "considering various measures to preserve cash" and looking to "maximize the value of its assets."

San Diego 100

San Diego Education Sales Capital 100

socalTECH

DECEMBER 9, 2019

According to a memo leaked from Wag's new CEO, Garrett Smallwood, the company is also laying of a number of employees as it looks to have a capital base that is "right-sized to the needs of our business and strategy". The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund.

Demand 100

Demand Los Angeles Sales Invest 100

socalTECH

SEPTEMBER 18, 2008

The debt comes from Avenue Capital Management II, L.P. In a related move, the company said that it has engaged the services of Lazard to help the firm develop and implements its business divsestiture strategy. and Sola, will be in the form of senior-subordinated secured second-lien notes.

San Diego 100

San Diego Invest Sales Funding 100

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