Companies Layoffs Report Sales 
TechCrunch LA
JANUARY 26, 2022
“[W]e are shifting our technology strategy to leverage external partners for parts of our platform that we’re currently maintaining internally,” Weiss wrote in the email announcing the layoffs to staff. The tech team layoffs are notable for a beauty retailer that has often described itself as a technology company.
socalTECH
JULY 3, 2013
Los Angeles-based BeachMint , headed by Josh Berman and Diego Berdakin, has a message to the Los Angeles technology community: the company is still alive, kicking, and has the full support of its investors. The message came after a report that BeachMint was returning $20M to its investors and had ousted its founders. READ MORE>>.
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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.
socalTECH
DECEMBER 12, 2012
The layoffs--first reported by PlugInCars--apprently included a "substantial part" of its sales and marketing staff. The layoffs impact approximately 15 percent of Coda's workforce. The layoffs apparently come as the company has sold less than 100 of its automobiles since launching in March, according to the report.
socalTECH
APRIL 18, 2012
Agoura Hills-based THQ , the embattled videogame maker, is finally seeing some good news, reporting today that it is expecting to report non-GAAP net sales of $160 million to $170 million, above its previous outlook of $130 million to $150 million. READ MORE>>.
socalTECH
AUGUST 24, 2009
Newport Beach-based Conexant reported Monday afternoon that it has completed the sale of the firm's Broadband Access product lines to Ikanos. As part of the deal, the company said it cut approximately 100 Conexant employees, which will reduce the firm's expenses by approximately $3M per quarter. The deal was worth $54M.
socalTECH
SEPTEMBER 29, 2011
Specific Media would not confirm the exact extent of its cuts, but reports say the cuts were less than 8 percent of the firm. In a statement, the company said it has identified "sales and operating synergies that exist between itself and Myspace" and is "consolidating forces" to align the workforce with the direction it is headed.
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