socalTECH

AUGUST 19, 2014

Financial software developer Intuit is cutting 120 employees in Woodland Hills, according to a state Worker Adjustment and Retraining Notification, part of a larger cut involving locatoins in Illinois, Virginia, and Arizona. financial finance software employment jobs layoff intuit' The cuts apparently are slated for September 15th.

Woodland Hills 166

Woodland Hills San Fernando Layoffs Software Review 166

socalTECH

MARCH 7, 2014

Los Angeles-based online content developer Machinima said Thursday that it has laid off 42 people at the company, all from its sales force, as the company continues to struggle with low ad rates and the large chunk of revenues that are claimed by Google from multi-channel networks. READ MORE>>.

Layoffs 159

Layoffs Google Hollywood Content 159

socalTECH

APRIL 20, 2020

Costa Mesa-based artificial intelligence software developer Veritone --which is publicly traded on the NASDAQ as VERI--reported that it has received a total of $6.5M The company said the loans, from Sunwest Bank, will allow it to continue operations without salary reductions, layoffs, or furloughs. READ MORE>>.

Artificial Inteligence 113

Artificial Inteligence Layoffs .Net Software Development 113

socalTECH

DECEMBER 12, 2012

It looks like Southern California's emerging electric automobile industry has definitively hit the skids, as Santa Monica-based electric auto developer Coda Automotive laid off 50 employees Tuesday. The layoffs--first reported by PlugInCars--apprently included a "substantial part" of its sales and marketing staff. READ MORE>>.

Layoffs 157

Layoffs Southern California Santa Monica News 157

TechCrunch LA

MARCH 3, 2019

It’s the fifth new car design to come from Tesla’s shop since the company was founded in 2003. Tesla said that it would begin tooling for the Model Y later this year and that the company would be producing the vehicle at its “gigafactory” in Nevada. There will be some layoffs as a result.

Design 272

Design Layoffs Pricing Los Angeles 272

socalTECH

DECEMBER 18, 2018

UK-based augmented reality technology developer Blippar , which had been backed by Qualcomm Ventures, has gone into administration in the UK--their equivalent of bankruptcy--after failing to obtain new funding for the company. Blippar said it expects a court appointed administrator to find a buyer for all or parts of the business.

Layoffs 133

Layoffs Content Funding Invest 133

socalTECH

MARCH 8, 2018

Venice, California-based social networking app developer Snap Inc. has laid off more than 120 engineers, according to reports based on internal emails being circulated from the company, saying it had cut its "lowest performing" engineers in recent job reviews. The layoffs represent around 10 percent of Snap's engineering team.

Layoffs 124

Layoffs Social Network Venice Report 124

socalTECH

DECEMBER 4, 2014

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

Layoffs Hollywood Research Los Angeles 147

socalTECH

MARCH 17, 2017

Simi Valley-based Qualstar , the developer of data storage and high efficiency power supplies, says it continues to look at "strategic options" for the business, as it reported yet another quarter of declining revenues. The company reported a net loss of $1.2 The company reported a net loss of $1.2 million on revenues of $2.2M

Layoffs 113

Layoffs .Net Report Competition 113

socalTECH

SEPTEMBER 15, 2014

Boulder Electric Vehicles , a startup developing electric powered has shut down its production facility in Chatsworth, as the company looks for a buyer. The DailY News reports that the family laid off around 50 people at the Chatsworth plant as a result of the shutdown, as the company has "mothballed" its operations.

Chatsworth 138

Chatsworth Layoffs News Report 138

socalTECH

OCTOBER 25, 2013

Los Angeles-based Demand Media has juts cut fifteen members of the company''s research and development unit, according to a report from Variety. demand media layoff jobs employment richard rosenblatt turnover content' READ MORE>>.

Demand 153

Demand Media Report Layoffs 153

socalTECH

JULY 6, 2017

Among a largely successful rush to establish a vibrant commercial aerospace industry in Southern California, it appears one company--Mojave-based XCOR Aerospace --has failed to launch. XCOR has apparently laid off all of its employees , due to the inability of the company to raise money.

Fandango 113

Fandango Layoffs Southern California Funding 113

socalTECH

JUNE 3, 2013

The announcement Monday that Zynga is cutting 18 percent of its workforce is throwing a lot of talent onto the market, to the benefit of the company''s competitors. SGN put out a list of hires today from Zynga''s FarmVille and other teams, saying that it has been snapping up a number of Zynga''s best developers. READ MORE>>.

Layoffs 157

Layoffs Content Mobile Los Angeles 157

socalTECH

APRIL 5, 2013

Usually, when a company is acquired, it''s great news for investors--and employees. Amylin Pharmaceuticals as a developer of diabetes drugs. amylin pharmaceuticals diego biotech lifescienec employee jobs layoff' The move was first reported by the U-T San Diego. READ MORE>>.

San Diego 153

San Diego Layoffs News Acquisition 153

socalTECH

JUNE 6, 2013

San Diego-based pharmaceutical firm Zogenix has made some big cuts, the firm said yesterday, after the FDA delayed approval for the company''s lead product. zogenix pharmaceutical lifescience jobs employment layoff disorder drug development' Zogenix blamed the cuts on lack of information from the FDA on approval efforts.

Layoffs 138

Layoffs San Diego Sales Product 138

socalTECH

MARCH 11, 2015

Thousand Oaks-based biotech Amgen is cutting 300 jobs in San Francisco, as part of a shutdown of the South San Francisco operations of subsidiary Onyx Pharmaceuticals , according to a memo leaked from the company on Tuesday. Onyx Pharmaceuticals develops treatments for multiple myelomas. billion deal. READ MORE>>.

Thousand Oaks 100

Thousand Oaks Layoffs Develop Development 100

socalTECH

APRIL 18, 2012

The unexpectedly higher results are welcome news at the videogame maker, which has been in the throes of layoffs and restructuring since last year. READ MORE>>.

THQ 124

THQ Agoura Hills Layoffs Agoura 124

socalTECH

MARCH 14, 2014

Aliso Viejo-based network hardware developer QLogic said late Thursday that it has completed its acquisition of the 10/40/100Gb Ethernet controller assets from Broadcom , as well as cut staff as part of a restructuring effort related to the move. The company is taking a charge of between $13M and $16M in the restructuring. READ MORE>>.

Layoffs 149

Layoffs Acquisition Networking Activity 149

socalTECH

MARCH 12, 2015

Superconductor Technologies , the developer of superconducting wire and wireless component which has operations in Santa Barbara, has cut nearly a third of the company''s jobs in February, and reduced its staff to 30. The company is down significantly from the 79 employees in had in 2010, just before its departure to Texas.

Technical Review 100

Technical Review Santa Barbara Technology Layoffs 100

socalTECH

FEBRUARY 2, 2009

San Diego-based Hollis-Eden Pharamceuticals , a developer of biopharmaceuticals, said Monday that the firm is cutting its workforce by approximately 33 percent, or 20 employees. Tags: hollis jobs employment layoff pharmaceuticals sandiego eden biotech lifescience. The firm said the moves would give it a runway of two years.

Layoffs 100

Layoffs Company Companies San Diego 100

socalTECH

FEBRUARY 28, 2014

San Diego-based cybersecurity developer Websense announced Friday that it is officially moving its headquarters to Austin, Texas, and moving 470 jobs to the city. The move is part of a one-two-three punch to the San Diego technology community, as two Vista Equity-owned technology companies have been moved to Texas in as many weeks.

San Diego 170

San Diego Layoffs Equity Activity 170

socalTECH

APRIL 19, 2013

It all looked good at the time: oil company Exxon needed to develop a more earth-friendly way to produce oil, and San Diego startup Synthetic Genomics needed funding to get its technology off the ground. But then, ExxonMobil cut back its original investment--worth up to $600M--in Synthetic Genomics. What happened? READ MORE>>.

Layoffs 159

Layoffs Outsource Development San Diego Mobile 159

socalTECH

JANUARY 16, 2012

Rumors have been swirling around Agoura Hills-based THQ since this weekend, when a gaming industry analyst, Peter Skerritt, reported that the videogame maker was either looking for a buyer or shutting down its videogame development efforts, cancelling its 2014 lineup. as part of an "ongoing review" of its business. READ MORE>>.

THQ 145

THQ Agoura Hills Layoffs Agoura 145

socalTECH

MAY 23, 2012

Heavily backed, concentrating solar photovoltaic technology developer Amonix , which is based in Seal Beach, is set to lay off 76 workers across its offices in California, according to regulatory filings with the state. The company also had received a $90M Department of Energy loan guarantee. round in 2010. round in 2010.

Layoffs 133

Layoffs Technical Review Funding Technology 133

socalTECH

JULY 2, 2012

Battered videogame developer THQ , which has been suffering from a downturn in its business, said today that it is planning a 1-for-10 reverse stock split, in order to raise its per share trading price so that it will regain compliance with a $1.00 per share, minimum bid price required by the NASDAQ Global Select Market. READ MORE>>.

THQ 124

THQ Layoffs Pricing Marketing 124

socalTECH

MAY 13, 2010

Storage hardware developer Adaptec is shutting down its Lake Forest, Orange County site, according to sources close to the company. Adaptec moved into Lake Forest in August of 2008, when it acquired Aristos Logic , a developer of RAID chips and technology. Tags: adaptec jobs layoff employment orange county lake forest.

Orange County 154

Orange County Sites Layoffs Patents 154

socalTECH

DECEMBER 5, 2008

Computer game maker Activision Blizzard is apparently cutting jobs in El Segundo and Los Angeles, according to a filing with the California Employment Development Department. California requires companies to give employees at least 60 day notice of mass layoffs.

Activision 124

Activision Los Angeles El Segundo Layoffs 124

TechCrunch LA

OCTOBER 19, 2019

Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. It echoes the same message from Kik’s chief executive Tim Livingston last week when he rebuffed earlier reports that the company would shut down amid an ongoing battle with the U.S.

Social Network 153

Social Network Los Angeles Social Media Blogging 153

TechCrunch LA

APRIL 24, 2020

The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. The company’s No. “This was about making the company as totally weatherproof as possible,” Czinger said. The company’s No.

Startup 251

Startup Technical Review Outsource Development Platform 251

socalTECH

MARCH 3, 2010

San Diego-based La Jolla Pharmaceuticals , the failed biopharmaceuticals firm which was previously developing treating lupus renal disease, reported today that it has received notification from the Nasdaq that it will be delisted from the market as of Thursday.

Layoffs 157

Layoffs San Diego Report Marketing 157

socalTECH

MAY 31, 2012

A major supplier to Anaheim-based Fisker Automotive looks to be in severe trouble, linked to issues uncovered in March by Fisker when one of that company's automobiles failed during testing with Consumer Reports. READ MORE>>.

Layoffs 124

Layoffs .Net Report Funding 124

socalTECH

FEBRUARY 4, 2009

Agoura Hills-based THQ , a developer and publisher of video games, said Wednesday that it is making "additional cost reduction actions" which includes the layoff of approximately 600 people, or 24 percent of the company's workforce. Tags: employment jobs layoff video content game. READ MORE>>.

THQ 100

THQ Agoura Hills Layoffs Agoura 100

socalTECH

JANUARY 14, 2010

Calabasas-based Ixia , a developer of network testing tools and software, is reporting this morning that it has implemented a "cost reduction initiative" and cut 80 positions from the firm, in what it said was primarily an elimination of duplicate resources from the company's October acquisition of Agilent's N2X product line.

Layoffs 133

Layoffs Calabasas Resource Tool 133

socalTECH

MARCH 25, 2009

According to the company, its workers were notified Monday and Tuesday that it would make the cuts. Entropic said the move was made to "better position" the company in current market and financial conditions, as well as to "more closely align operating expenses with revenues." READ MORE>>.

Layoffs 100

Layoffs San Diego Entertainment Networking 100

Startup Professionals Musings

AUGUST 7, 2020

In a larger public company, it’s all about making your quarterly numbers, versus investing in strategic growth alternatives that may not pay off until several quarters later. That keeps people from pushing themselves to develop the kind of new solutions that will permanently change the business for the better, versus short-term band-aids.

Technical Review 124

Technical Review Layoffs Social Media Metrics 124

Both Sides of the Table

FEBRUARY 25, 2019

Here are some observations I have from this exposure: If a company moves from strength-to-strength with predictable outcomes, easy financings, low staff turn-over, limited competitive threats then the composition of the board probably doesn’t matter as much. In the best cases boards come together to help the company get through its trough?—?in

Startup 269

Startup Venture Capital Layoffs Resource 269

socalTECH

JUNE 10, 2009

According to Ixia, the moves will save the company approximately $6M. Ixia is a developer of networking test software and hardware. Tags: ixia employment jobs layoff networking hardware. Ixia said the cuts would be complete by June 30th, except for certain outside contractors who will be retained through July. READ MORE>>.

Layoffs 100

Layoffs Calabasas Networking Report 100