SoCal CTO

FEBRUARY 4, 2009

But, in running it now for the second half of January, the keyword that popped to the top was: Layoffs And this is definitely a sign of the times. Here's the rest. Top for January 16, 2009 - January 31, 2009 Posts Are You Selling Online Yet? Here’s how to do it.

Layoffs 159

Layoffs Woodland Hills Southern California Orange County 159

socalTECH

OCTOBER 14, 2015

The layoffs number to more than half of the company's pre-acquisition workforce, of around 200 employees earlier this year. billion cash acquisition of Kythera by Allergan closed on October 1st. READ MORE>>.

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Layoffs Westlake Village Acquisition Develop 100

socalTECH

NOVEMBER 3, 2016

Los Angeles-based online advertising marketplace Rubicon Project is in a major layoff, saying in its quarterly results on Wednesday that it is cutting 125 employees, or roughly 19 percent of its workforce. According to the company, its Q3 was a "challenging quarter" for its industry and "our business in particular".

Layoffs 100

Layoffs Advertising Los Angeles Angel 100

socalTECH

JULY 17, 2012

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. The number of cuts is apparently the largest, midyear total since 2009.

Technical Review 133

Technical Review Layoffs Southern California Report 133

socalTECH

OCTOBER 10, 2012

Initial news of the cuts, which were made in the last couple of days, came through recruiters and others close to the company. Citygrid did not respond to emails for comment yesterday from socalTECH, however, TechCrunch is placing the size of the cuts at 15 percent of the company. READ MORE>>.

CitySearch 217

CitySearch Layoffs SoCalTech High Tech 217

socalTECH

JULY 15, 2009

Layoffs at personal finance software maker Intuit are set to hit a number of the firm's Southern California locations. The layoffs date are split between August 3rd and August 17th, according to the WARN filings. The layoffs date are split between August 3rd and August 17th, according to the WARN filings.

Southern California 113

Southern California Layoffs Westlake Village Woodland Hills 113

socalTECH

APRIL 1, 2009

Quoting a "source close to the company" VentureBeat said that the layoffs would be "drastic." The firm is venture backed by Intel Capital, Adobe, Shelter Capital, Spark Capital, Goldman Sachs, Michael Eisners Tornante Company, Time Warner Investments, among others. Tags: veoh layoff jobs video content. READ MORE>>.

Veoh 100

Veoh Layoffs Report San Diego 100

socalTECH

MARCH 27, 2020

The on-demand scooter company said it laid off 30% of its staff, saying "Layoffs are never easy or comfortable to do" and saying that the layoffs were done as a result of the COVID-19 pandemic. Santa Monica-based Bird reportedly let 400 of its employees go on Friday, via a pre-recorded Zoom meeting, according to a report.

Layoffs 124

Layoffs Santa Monica News Report 124

socalTECH

JUNE 18, 2015

It's unclear why Disney cancelled, the move, although the company has come under intense fire for replacing its employees with foreign, H-1B workers--and forcing those same employees to train their replacements. Disney had told its workers in May that it would be replacing them with workers--imported from India--from outsourcer Cognizant.

Burbank 100

Burbank Layoffs Outsource Southern California 100

socalTECH

MAY 18, 2018

Deails on the layoffs have not been announced by the company, nor reason for the cuts. The layoffs come even as the company has reportedly prepping an IPO offering in June. The cuts were reported by both the Pacific Coast Business Times and Santa Barbara Independent. READ MORE>>.

Santa Barbara 100

Santa Barbara Layoffs Report Media 100

socalTECH

JANUARY 25, 2019

The layoffs at Virgin Galactic follow a 10 percent cut in employees by SpaceX just a couple of weeks ago. The cuts apparently also affected jobs at The Spaceship Company, the sister company building Virgin Galactic's SpaceShipTwo. READ MORE>>.

Layoffs 140

Layoffs SpaceX Organization Report 140

socalTECH

MARCH 30, 2016

The company blamed a drop in data storage segment revenues on one-time international orders in the prior year, and a slow down by manufacturers during 2015 for its power supply segment. The move came as it announced a significant drop in its revenues for the quarter ended December 31st, 2015. Qualstar said had $2.6

Westlake Village 100

Westlake Village Layoffs Acquisition Help 100

socalTECH

DECEMBER 12, 2008

San Diego-based DivX has cut 21 employees in a layoff Thursday, a spokesperson for the firm told socalTECH Friday, confirming widespread reports of the move Thursday. Details or reasons for the layoff were not given. The layoffs follow the loss of the company's CTO late last week.

Layoffs 100

Layoffs SoCalTech San Diego Report 100

socalTECH

FEBRUARY 13, 2020

The new cuts come on top of an earlier layoff involving 200 workers at the company. Irvine-based electric vehicle maker Karma Automotive is laying off 60 more workers in Irvine, as the startup continues to shed workers, according to a Worker Adjustment and Retraining Notification Act (WARN) report issued on Wednesday.

Layoffs 113

Layoffs Resource Report Startup 113

socalTECH

JANUARY 11, 2019

The report--from the LA Times--confirmed the layoff with the company, which said that Space "must become a leaner company" to continue to deliver for its customers. Hawthorne-based SpaceX --despite a continuing string of successful launches--is cutting 10 percent of its 6,000 employees, according to a report published on Friday.

SpaceX 113

SpaceX Report Layoffs Hawthorne 113

socalTECH

AUGUST 19, 2014

The layoffs--first uncovered by the San Fernando Business Journal--apparently are due to a shift at the company towards more cloud-based services. financial finance software employment jobs layoff intuit' The cuts apparently are slated for September 15th. READ MORE>>.

Woodland Hills 166

Woodland Hills San Fernando Layoffs Software Review 166

socalTECH

NOVEMBER 14, 2017

Mojave-based XCOR Aerospace has filed for Chapter 7 bankruptcy, and will be liquidated, according a court filing by the company filed last week. XCOR had been one of a number of companies in Southern California pursuing the commercial space market. At the time of the layoffs, it said it would be continuing to look for funding.

Layoffs 113

Layoffs Southern California Email Report 113

socalTECH

MARCH 20, 2019

Faraday Future has been facing financial issues due to a dispute with its lead investor, which has resulted in layoffs at the company, numerous lawsuits from vendors, and executive departures. The report says Faraday Future is leasing back the headquarters, which it sold to real estate investor Atlas Capital, for around $10M.

Report 113

Report Layoffs Los Angeles Capital 113

socalTECH

MAY 23, 2012

CyberDefender had briefly been one of the fastest growing companies in the Los Angeles area in the last few years, but apparently had been unable to sustain that growth or reach profitability. one of its investors. READ MORE>>.

Layoffs 133

Layoffs Los Angeles Software Services 133

socalTECH

NOVEMBER 6, 2014

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>>.

Torrance 138

Torrance Layoffs Los Angeles Sales 138

socalTECH

MAY 15, 2020

Syndio , a developer of software being used by companies to help fix pay inequities in the workplace--and whose co-founder is based in LA--has raised $7.5M The company's CEO is Maria Colacurcio. The company's CEO is Maria Colacurcio. The company says its customers include companies like Match Group, Adobe, Nordstrom, and others.

Layoffs 113

Layoffs Equity Los Angeles Software 113

socalTECH

MARCH 7, 2014

Los Angeles-based online content developer Machinima said Thursday that it has laid off 42 people at the company, all from its sales force, as the company continues to struggle with low ad rates and the large chunk of revenues that are claimed by Google from multi-channel networks. READ MORE>>.

Layoffs 159

Layoffs Google Hollywood Content 159

socalTECH

NOVEMBER 21, 2013

Qualcomm has not issued any statement on layoffs or job changes at the company, and we have been unable to independently confirm the layoffs. wireless employment jobs layoff qualcomm' READ MORE>>.

Layoffs 124

Layoffs Report San Diego Organization 124

socalTECH

SEPTEMBER 18, 2013

The company said the layoffs come as part of an "increased commitment to premium programming". The layoff is not the first for Machinima, which also cut around 10 percent of its staff back in December. The layoff is not the first for Machinima, which also cut around 10 percent of its staff back in December. READ MORE>>.

Layoffs 133

Layoffs Hollywood Venture Capital Content 133

socalTECH

MARCH 1, 2019

A new report says that there are now a total of 11 lawsuits filed against troubled Los Angeles-based electric car maker Faraday Future , as it struggles to restart its operations after massive layoffs after its main investor, Evergrande Health, pulled its support from the firm. READ MORE>>.

Report 113

Report Layoffs Los Angeles Funding 113

socalTECH

APRIL 20, 2020

The company said the loans, from Sunwest Bank, will allow it to continue operations without salary reductions, layoffs, or furloughs. 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 READ MORE>>.

Artificial Inteligence 113

Artificial Inteligence Layoffs .Net Software Development 113

socalTECH

DECEMBER 8, 2016

Los Angeles-based Honest Company , the online provider of eco-friendly baby, personal care, and other household goods led by Brian Lee and co-founded by Jessica Alba, has quietly let go of 80 employees --or nearly 14% of the company--in what the company has billed as a "growth positioning". The report was first detailed by WWD.

Company 100

Company Companies Report Los Angeles 100

socalTECH

SEPTEMBER 9, 2013

San Diego-based wireless modem manufacturer Novatel Wireless announced a big layoff today, as part of a restructuring effort at the company. Novatel said it woul cut approximately 75 to 80 employees as part of the restructuring, which it said would "maximize efficiencies and optimize business operations" at the company.

Layoffs 138

Layoffs San Diego Networking Company 138

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.

Layoffs 157

Layoffs Southern California Santa Monica News 157

socalTECH

DECEMBER 10, 2018

San Diego-based Qualcomm has laid of 125 employees in San Diego, part of a contingent of 269 employees laid off across the company in its data center processor business, according to a report this morning.

San Diego 113

San Diego Report Layoffs Company 113

socalTECH

OCTOBER 30, 2018

Troubled, Los Angeles-based electric vehicle startup Faraday Future has lost a key electric vehicle designer, among a number of layoffs at the company over the last few weeks, according to a report. READ MORE>>.

Design 113

Design Report Layoffs Los Angeles 113

socalTECH

MARCH 17, 2017

The company reported a net loss of $1.2 The company says it has been seeing competition in the data storage industry which has "create pressure" on maintaining market share, saying that "market headwinds" have been challenging the company. According to Qualstar, it had a loss of $0.4 million on revenues of $2.2M

Layoffs 113

Layoffs .Net Report Competition 113

socalTECH

OCTOBER 25, 2013

Los Angeles-based Demand Media has juts cut fifteen members of the company''s research and development unit, according to a report from Variety. demand media layoff jobs employment richard rosenblatt turnover content' READ MORE>>.

Demand 153

Demand Media Report Layoffs 153

socalTECH

MARCH 8, 2018

has laid off more than 120 engineers, according to reports based on internal emails being circulated from the company, saying it had cut its "lowest performing" engineers in recent job reviews. The layoffs represent around 10 percent of Snap's engineering team. Venice, California-based social networking app developer Snap Inc.

Layoffs 124

Layoffs Social Network Venice Report 124

socalTECH

JULY 6, 2017

Among a largely successful rush to establish a vibrant commercial aerospace industry in Southern California, it appears one company--Mojave-based XCOR Aerospace --has failed to launch. XCOR has apparently laid off all of its employees , due to the inability of the company to raise money.

Fandango 113

Fandango Layoffs Southern California Funding 113

socalTECH

JUNE 3, 2013

The announcement Monday that Zynga is cutting 18 percent of its workforce is throwing a lot of talent onto the market, to the benefit of the company''s competitors. Although the layoff at Zynga does put a lot of talent on the market, Dewolfe said that it won''t be accelerating its rate of hiring. READ MORE>>.

Layoffs 157

Layoffs Content Mobile Los Angeles 157

socalTECH

OCTOBER 8, 2018

Los Angeles-based electric car maker Faraday Future is facing new financial woes this morning, after the Chinese company which bailed out the company at the end of 2017 filed notice that it would seek to terminate a deal to invest a total of $2 billion into Faraday Future, reached last year. READ MORE>>.

Layoffs 113

Layoffs Los Angeles Invest Report 113