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Sources: Active Network In Major Layoff

socalTECH

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>>.

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The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

TechCrunch LA

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.

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Intuit Chops 120 In Woodland Hills

socalTECH

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.

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Syndio, With Co-Founder In LA, Snags $7.5M

socalTECH

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>>.

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Websense To Move 470 Jobs To Texas

socalTECH

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

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Emulex Launches Cost Cutting, Stock Buyback Effort

socalTECH

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>>.

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Report: NastyGal Facing Cram Down Round, Seeking Buyer

socalTECH

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.

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