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>>.

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Artificial Inteligence Layoffs .Net Software Development 113

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.

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Social Network Los Angeles Social Media Blogging 153

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.

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Layoffs Calabasas Resource Tool 133

socalTECH

JUNE 10, 2009

Calabasas-based Ixia reported this morning that the firm is cutting its staff by 75 to 80 positions, or 9 to 10 percent of its work force, as part of a restructuring initiative. According to Ixia, the moves will save the company approximately $6M. Ixia is a developer of networking test software and hardware. READ MORE>>.

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Layoffs Calabasas Networking Report 100

socalTECH

JANUARY 28, 2009

The firm said its Q4 was "a record quarter" for the firm, which provides software-as-a-service tools for helping business teams manage projects and work. Garcia said that with the economic downturn and layoffs, he suspects there's been a push towards more virtual workers. Tags: economy desktop central software saas. READ MORE>>.

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Layoffs SoCalTech SaaS Pasadena 100

socalTECH

JANUARY 30, 2009

Citrix Systems , a provider of enterprise infrastructure software based in Fort Lauderdale, Florida, said Wednesday that the firm is reducing its headcount by approximately 10 percent--and has laid off staff at the firm's Santa Barbara Unit, Citrix Online.

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Santa Barbara Layoffs Software Review Report 140

socalTECH

JULY 30, 2012

Intuit , the developer of personal finance and tax software, is making major cuts in San Diego, according to a report from the San Diego Union Tribune. Intuit, has major operations in its Consumer Group in San Diego, working on its Turbo Tax software.

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San Diego Report Software Develop 124

socalTECH

FEBRUARY 13, 2019

Santa Monica-based game developer Activision Blizzard says it is slashing 8 percent of its staff, or nearly 800 employees, as a part of a restructuring effort at the company. The move comes even as Activions Blizzard reported record net revenues in 2018 of $7.50 bllion, up from the $7.02 billion it had in revenues for 2017.

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Activision Santa Monica .Net Course 113

Xconomy

JULY 1, 2016

Andrea Davis looks at company programs trying to boost the Hoosier State’s talent pool—and get more college grads to stay in the area. No PhD, “No Fear”: Alice Zhang, 27, Aims Software at Neuro Diseases. Layoffs Reflect New Turbulence at High-Flying 3D Robotics. If you read only a few of our stories this year, read these.

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Artificial Inteligence Layoffs Report Startup 40

Xconomy

JULY 1, 2016

There was plenty more biomedical news this week, from a downsized IPO to downsizing companies, while ugly sexual harassment details emerged in Seattle. But as Xconomy reported, details about the reorganization were scant, leaving open questions whether drug regulation actually needs to move faster.

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Buzzfeed News Pricing IBM 59