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Report: Tech Layoffs At Highest Level In Three Years

socalTECH

You may not see it here in Southern California's high tech sector--which has been booming, due to a surge of startup and accelerator activity--but apparently, the technology sector has seen its highest level of layoffs in three years, according to a report today. Image courtesy Bigstock.com READ MORE>>.

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Tech Companies Are Hiring Staff… Then Rescinding the Offers

Tech.Co

A number of tech companies have made the headlines this week for hiring new members of staff, only to rescind such offers before they start. Get all the latest tech news straight to your inbox. The Wall Street Journal reports that Twitter, for instance, has refused to take on new staff it previously offered jobs to.

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Google Confirms Motorola Mobility 4000 Layoffs

Tech Zulu Event

A company it bought in May. The company will also close a third of its offices worldwide. Motorola annual financial report is here. Google will however feel the layoffs. The post Google Confirms Motorola Mobility 4000 Layoffs appeared first on TechZulu.

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Bio Roundup: Theranos Cuts, Alnylam Stops, Nobel Eats Its Own & More

Xconomy

military’s high-tech think tank DARPA described Safe Genes, a new program to fund safety measures that can be built into genome editing technology or counter its potential wayward effects. —The 2016 Nobel Prize for Physiology or Medicine went to Yoshinori Ohsumi of the Tokyo Institute of Technology. —The U.S.

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Biotech Roundup: Moonshots, Pink Slips, Gilead, Brexit & More

Xconomy

There was plenty more biomedical news this week, from a downsized IPO to downsizing companies, while ugly sexual harassment details emerged in Seattle. To boost the initiative, which aims to speed the pace of cancer research, FDA said it would consolidate its cancer review divisions under the Oncology Center of Excellence.

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Biotech Roundup: Hellos, Goodbyes, “Cures” Delays And Trial News

Xconomy

There were other goodbyes: Peter DiLaura said so long to Second Genome, the microbiome company he led for six years. —The federal group that runs Medicare and Medicaid banned Theranos CEO Elizabeth Holmes from running a lab for two years, throwing into question the viability of the company. —Enough good trial news.

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Biotech Roundup: Kadmon Debt, Hemo Data, Loose Lips & More

Xconomy

The filing held some surprises , however, as Xconomy reported: plans to convert about $200 million in debt—a massive amount for a privately held biotech—into shares at the IPO, with some of those shares holding special privileges for their owners. —Ben Fidler contributed to this report. Reprints | Share:

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