socalTECH

FEBRUARY 27, 2014

Sony Electronics said Wednesday that it is cutting approximately 1,000 employees in the United States, part of a global cut of 5,000 employees, a move which will affect 400 of the company''s employees in San Diego. Sony said the cuts were made to position the company in the "best possible place for future growth". READ MORE>>.

San Diego 157

San Diego Layoffs Sales Company 157

Berkonomics

OCTOBER 18, 2018

If there is no closer connection to the corporation, when times are tough for any reason, it is these employees that make it tough for management to gain understanding and consent for actions that must be made such as missing payrolls, making layoffs, or abandoning pre-announced plans. Investor loyalty is most tenuous of all.

Layoffs 240

Layoffs Class News Email 240

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>>.

THQ 124

THQ Agoura Hills Layoffs Agoura 124

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. READ MORE>>.

Sales 100

Sales Layoffs Product Report 100

socalTECH

SEPTEMBER 22, 2014

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>>.

Layoffs 138

Layoffs San Diego Sales Marketing 138

Berkonomics

MAY 3, 2018

Many executives and managers have made the mistake of using the financial and sales forecast to plan and execute hiring of new employees – so that they could be trained and up to speed when the demand arrives. In such instances, it is much less risky for a company to execute its plans for spending in coordination with forecast revenues.

Training 226

Training Layoffs Demand Resource 226

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. BeachMint said that the firm has grown 40% year over year, in both sales and subscribers. READ MORE>>.

Report 173

Report Layoffs Los Angeles Sales 173

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. READ MORE>>.

Layoffs 138

Layoffs San Diego Sales Product 138

socalTECH

FEBRUARY 28, 2014

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. websense jobs employment texas layoff' Vista Equity owns Websense, along with Omnitracs, which is also moving to Texas. READ MORE>>.

San Diego 170

San Diego Layoffs Equity Activity 170

socalTECH

JUNE 8, 2017

San Diego-based Inseego , the developer of the MiFi wireless hotspots, has aborted its plans to sell off its MiFi division to Chinese company TCL Industries Holdings (H.K.) Limited , and has embarked on a massive restructuring of the company. Inseego said it would immediately recommit to the Mi-Fi business. READ MORE>>.

Sales 113

Sales Technical Review San Diego Acquisition 113

TechCrunch LA

APRIL 30, 2019

The company, famous for lavish promotions but little substance , has received yet another financial lifeline in the wake of a dispute with key investor Evergrande. billion capital raise that the company believes it can close before the end of this year. Faraday announced on Monday that it had received $225 million in bridge financing.

Invest 143

Invest Layoffs Los Angeles Product 143

socalTECH

MAY 13, 2010

Storage hardware developer Adaptec is shutting down its Lake Forest, Orange County site, according to sources close to the company. Tags: adaptec jobs layoff employment orange county lake forest. No details on the shutdown have been given, and Adaptec has not returned emails and phone calls requesting confirmation of the move.

Orange County 154

Orange County Sites Layoffs Patents 154

socalTECH

JUNE 21, 2019

Minnie Ingersoll: A few things, but most recently I started by own company, in 2013. Sometimes what I say, is if brand is your moat, and you're a direct-to-consumer company, versus where you really have some technology, and you have some IP, that's the side of the spectrum we play on. What were you doing before joining TenOneTen?

Southern California 133

Southern California Startup Layoffs Venture Capital 133

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

Berkonomics

SEPTEMBER 24, 2015

There are only two types of companies -those which have achieved positive cash flow and those which have not. While it is easy to divide all companies into just these two groups, this simplification ignores whether management has made a conscious, strategic choice about their growth. By John Huston.

Layoffs 120

Layoffs Sales Acquisition Startup 120

socalTECH

JULY 23, 2009

The firm said the cuts bring the company's reduction in headcount to 1300, or 29 percent of its staff. The revelation came as part of the firm's Q2 2009 results, when the firm said it had net sales of $91.2M, a 39% decrease from the $149.3M in sales it had in Q2 of 2008. READ MORE>>.

Layoffs 100

Layoffs .Net Sales Product 100

socalTECH

JULY 29, 2009

on sales of $243.5M and sales of $137.6M The quarter, which ended June 30th, reversed a string of big losses and declines for the company over the last year, which resulted in major layoffs and studio closures at the firm in November and February. The positive results compared with a loss of $27.2M READ MORE>>.

THQ 100

THQ Agoura Hills Agoura Layoffs 100

socalTECH

DECEMBER 9, 2019

Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, and is now seeking a sale, according to CNBC. The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund. The company also is now seeking a buyer. READ MORE>>.

Demand 100

Demand Sales Los Angeles Invest 100

socalTECH

APRIL 16, 2009

TorreyPines said that Merriman Curhan Ford will help the firm assist in evaluating "strategic options," including sale of the company or its assets. The hiring of the bank follows the layoff of most of the firm's employees earlier this month.

Invest 100

Invest Layoffs Sales Help 100

socalTECH

APRIL 16, 2009

TorreyPines said that Merriman Curhan Ford will help the firm assist in evaluating "strategic options," including sale of the company or its assets. The hiring of the bank follows the layoff of most of the firm's employees earlier this month.

Layoffs 100

Layoffs Sales Invest Help 100

Berkonomics

MARCH 3, 2016

Her firm is a model of a virtual company, with over 100 employees and absolutely no office other than a post office box. At my CEO roundtables, all too often I listen to leaders who are perfectly positioned to transform their company into a virtual one to great financial gain, but who are afraid to take the first step. So we moved out.

Layoffs 120

Layoffs Ideas Email Social Network 120

socalTECH

DECEMBER 12, 2008

Autobytel said that the move affects approximately 40 employees at the company, and will save the company approximately $5.2M Coats has been named the company's President and CEO, replacing current CEO Jeff Riesenbach. in the fourth quarter for the layoffs, including severance for Riesenbach. annually in costs.

Layoffs 100

Layoffs Sales Invest Capital 100

socalTECH

MAY 25, 2016

San Diego-based residential solar installer OneRoof Energy has cut its staff, and says it is in a major realignment of its business operations to tap into consumer services providers and partners, rather than invest in its own direct sales. Size of the cuts were not announced by the company. READ MORE>>.

San Diego 113

San Diego Sales Invest Services 113

socalTECH

DECEMBER 9, 2019

The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund. According to a memo leaked from Wag's new CEO, Garrett Smallwood, the company is also laying of a number of employees as it looks to have a capital base that is "right-sized to the needs of our business and strategy". READ MORE>>.

Demand 100

Demand Los Angeles Sales Invest 100

Berkonomics

OCTOBER 7, 2011

If there is no closer connection to the corporation, when times are tough for any reason, it is these employees that make it tough for management to gain understanding and consent for actions that must be made such as missing payrolls, making layoffs, or abandoning pre-announced plans.

Layoffs 136

Layoffs Class News Email 136

socalTECH

AUGUST 11, 2017

Los Angeles-based NantHealth , one of the biotech companies run by billionaire Patrick Soon-Shiong, has slashes its staff and sold off some of its assets, as part of a major restructuring. NantHealth said it expects the sale and cuts to save it approximately $70M annually. READ MORE>>.

Los Angeles 113

Los Angeles Sales Angel Company 113

Startup Professionals Musings

AUGUST 1, 2013

Cash is king when it comes to the financial management of a growing company, so this is not the place for shortcuts and sloppy practices. No matter how small your company is today, there are more moving financial parts than you can manage dynamically in your head. Seasonal sales fluctuations eat cash.

Startup 114

Startup Sales Layoffs Slides 114

socalTECH

DECEMBER 19, 2016

San Diego-based residential solar power installer OneRoof Energy said late Friday that it has "significantlyr educed" its work force, and has begun winding down its operations, after it said it was unable to secure financing necessary to continue sales, marketing, and development. READ MORE>>.

San Diego 100

San Diego Education Sales Capital 100

Startup Professionals Musings

JANUARY 17, 2016

Cash is king when it comes to the financial management of a growing company, so diligence is required. No matter how small your company is today, there are more moving financial parts than you can manage dynamically in your head. Seasonal sales fluctuations eat cash. Unanticipated expenses and emergencies drain cash.

Startup 64

Startup Sales Layoffs Slides 64

socalTECH

JULY 16, 2015

Semtech said that the cuts mostly come from sales, general, and administrative expenses. Semtech said the cuts will save the company approximlately $20.0M The company is taking a $3.5M Semtech did not give an exact headcount of jobs lost in the cuts, which will come across all of the company's locations. READ MORE>>.

Demand 100

Demand Sales Develop Development 100

socalTECH

FEBRUARY 17, 2017

He eventually founded and sold consumer health firm ViSalus to a public company and is now back making investments, in technology companies, as a venture capitalist here at Los Angeles-based HashtagOne (www.hashtagone.com). After we sold it to that public company, I founded HashtagOne. What's the theme of your investments?

Venture Capital 100

Venture Capital Entrepreneur Technical Review Software Review 100

Both Sides of the Table

MARCH 10, 2010

This is advice that I end up giving ALL THE TIME and every CEO of a company I’m involved with will have heard this from me. You just made an offer to a new employee to join your company. It might be a VP of Sales, Marketing or Technology. Or it may just be a junior programmer, sales rep or accountant. Don’t.

Startup 294

Startup Press Course Writing 294

socalTECH

SEPTEMBER 29, 2011

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. with a pointer to a number of open positions at the company, including a few at MySpace itself. READ MORE>>.

Media 150

Media Los Angeles Report Sales 150

socalTECH

DECEMBER 19, 2011

San Diego-based Somaxon Pharmaceuticals , a developer of sleep medication, said today that it has cut 60 percent of its non-field based employees, and has hired a financial advisor to help sell the company. The firm said it has hired Stifel Nicolaus Weisel to help in "strategic alternatives", and cut its staff to minimize its cash burn rate.

San Diego 133

San Diego Sales Help Product 133

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. percent of the nation’s cancer cases… two Texas IT companies are building a database with the Medicare records of 1 million cancer patients and will open it to public analysis.

Buzzfeed 59

Buzzfeed News Pricing IBM 59

Tech Zulu Event

JULY 6, 2013

Adam sat down with us to talk about startups, the LA scene, and his company ScoreBig. We had companies come knocking on our doors to tell us a solution to our empty seat problems. Marketing that our tickets are on sale is a huge problem and in the live entertainment/sport industry, that’s just bad. What is ScoreBig?

Startup 79

Startup Pricing Entertainment Sales 79

Tech Zulu Event

JULY 6, 2013

Adam Kanner is the co-founder and CEO of ScoreBig and has set two goals for the company. Adam sat down with us to talk about startups, the LA scene, and his company, ScoreBig. We had companies come knocking on our doors to tell us a solution to our empty seat problems. TechZulu: Where did you get the idea to start ScoreBig?

Startup 61

Startup Pricing Entertainment Education 61