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Active Network has been contacted, but has not yet responded to queries about the layoff. No details on the layoff have been announced by the privately held company, and the company had not yet filed a notice with the state of California''s WARN system on any impending cuts. READ MORE>>.
The layoffs--first uncovered by the San Fernando Business Journal--apparently are due to a shift at the company towards more cloud-based services. Intuit had sold much of its Woodland Hills operations, Intuit Financial Services, to private equity firm Thoma Bravo back in July of 2013. The cuts apparently are slated for September 15th.
The move-- which was announced earlier this month by Texas Governor Rick Perry--comes after a concerted effort by Texas to convince Websense, and its new private equity owners Vista Equity, to relocate its headquarters. Vista Equity owns Websense, along with Omnitracs, which is also moving to Texas. Texas is providing a $4.5M
The move comes as Emulex has been looking for a private equity buyer to take the company private. emulex fibre channel storage host adapter hardware merger acquisition jobs layoff employment executive' The company did not say how the cost cutting effort will affect its employees. READ MORE>>.
Seegrid, a company that makes self-driving industrial vehicles for material handling, closed a $25 million growth-equity investment from G2VP. ” Layoffs in a time of COVID-19. If so, go check out Layoffs.fyi, the site doesn’t just list layoffs. The company said T. Maybe your company is actually hiring.
Syndio's software is used to analyze employee compensation in real time, determining how hiring, promotion, layoffs, and other factors change pay equity. Syndio's headquarters are in Seattle, but co-founder and Chief Data Scientist Zev Eigen is based in Los Angeles. The company's CEO is Maria Colacurcio. READ MORE>>.
Los Angeles-based fashion website NastyGal is apparently in the midst of a "cram down" round--a round where the current shareholders in a company essentially reset the equity structure of a company that usually forces non-participating investors to lose most, if not all of their stake in the company.
The report says that the move comes as private equity firm Platinum Equity--the new owner of Clipper since August--looks to consolidate operations at the company to a location in Cedar Rapids, Iowa.
Irvine-based Kofax , a provider of document management software and hardware, said Sunday that it is selling its hardware business to a German private equity firm, and cutting staff. Kofax said it is selling the business to Hannover Finanz, in a deal expected to be worth approximately $20M after tax.
It's unclear what the reasons for the steep cuts are; the company had announced a big $100M debt and equity investment from Ally Financial only two months ago. The report says that current CFO Tyler Painter, the brother of CEO Scott Painter, is being replaced by Kirk Shryoc. READ MORE>>.
That's less relevant for a company, but right now this might be particularly relevant, as there could be layoffs and folks are going to want to exercise their options at a time when they don't have liquidity to do so. Two, is to have the peach of mind of share ownership. We have a really elegant solution to do that.
Last week, we talked about layoffs and the Winklevoss rock gods. debt, equity, derivatives) or sectors (e.g., Welcome back to Chain Reaction. This week, we’re looking at a new layer of crypto doom and gloom. Get this newsletter in your inbox every Thursday by subscribing on TechCrunch’s newsletter page. crash redux.
If you try to vary the number of employees to match, that costs even more cash for hiring, firing, and layoffs. One way to defer some of these costs, as outlined by ProOpinion , is to provide alternative compensation methods (equity or compensation based) to your new employees. Unanticipated expenses and emergencies drain cash.
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