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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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Blippar, Backed by Qualcomm Ventures, Calls It Quits

socalTECH

According to Blippar, it had been attempting to gain a "small amount of funding" as it was making a shift into the B2B market, but an un-named, existing investor "voted against the additional funding, effectively blocking the investment even if they were not asked to participate in any further financing of the business".

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HuffingtonPost Abandons Los Angeles Video Streaming Effort, Says Report

socalTECH

The move apparently came as HuffingtonPOst is shifting its HuffPo Live focus to international markets. huffingtonpost video streaming livestream talk television content hollywood huffpo live layoff jobs' HuffPo Live was launched about a year to, to provide live-streaming, video coverage to the Huffington Post site. READ MORE>>.

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Zynga's Loss, SGN's Gain

socalTECH

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>>.

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THQ To Lay Off 600

socalTECH

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. THQ said the move was a response to the continuing uncertainty in the market. READ MORE>>.

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THQ To Cut 240 Employees

socalTECH

Agoura-based THQ said Thursday that it is chopping 240 jobs as part of a "realignment" of its organization, as it exits the kids licensed video game market. The layoffs come after the firm missed Wall Street estimates, with revenues of $404.4M.

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Rumors Swirl Around THQ

socalTECH

The rumors were denied by the company, although the firm said it has "made decisions to ensure that the company is strategically addressing the most attractive markets." Exactly what that means--the implication is a major realignment or layoff at the company--has not yet become apparent. as part of an "ongoing review" of its business.

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