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Glossier just laid off one-third of its corporate employees, mostly in tech

TechCrunch LA

“[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.

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LivingSocial Shuts Torrance Facility, Cuts 400

socalTECH

In a major Los Angeles area layoff, daily deals and offers service LivingSocial is closing a sales facility in Torrance, and cutting 400 employees throughout the company, as part of a restructuring. The company said the moves comes as it shifts away from a daily deal towards an online marketplace. READ MORE>>.

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Coda Automotive Lays Off 50

socalTECH

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.

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RealD Cuts Staff, Downsizes Facilities

socalTECH

According to RealD, the cuts include the elimination of certain sales and marketing and research and development expenditures. The number of employees who will be affected by the cutbacks were not disclosed by the company. According to the company, the moves will save it around $30M in expenditures over a two year period.

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THQ Details Buyers, Numbers After Fire Sale

socalTECH

Bankruptcy Court has granted a motion to approve a sale of the majority of THQ's assets to multiple buyers. THQ detailed the sale Wednesday night, saying the company's estate will receive approximately $72M in total through the sales of its owned studios and games in development.

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Cytori Therapeutics Chops Staff, Executives

socalTECH

San Diego-based Cytori Therapeutics has chopped its staff and executives, and has plunged into arestructuring effort to reduce costs, the company said this morning, after a safety hold on one of its clinical trials. Claude Shores--as well as other, un-named employees--have resigned and left the company. READ MORE>>.

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Zogenix Chops Staff

socalTECH

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. READ MORE>>.

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