article thumbnail

QLogic Chops Staff In Restructuring

socalTECH

Aliso Viejo-based storage and networking products firm QLogic said Tuesday that it has cut its workforce as part of a restructuring plan, which it says will help it drive long term profitable growth. Size of the cuts wre not announced ,however, QLogic said it expects the cuts will help it save approximately $20M in cash annually.

Layoffs 153
article thumbnail

Latest Post-COVID Trends in the Telecom Sector

Southern California Edison Blog

Although the bulk of the COVID-19 pandemic has passed, lingering effects in the form of ongoing remote work and network usage will continue to influence how telecom operators operate. Other top factors for carriers include fast network speed, reliability, and cost. . Post-Pandemic Consumer Trends In The Telecom Industry.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Machinima Lays Off Most Employees, Ceases Operations, Say Reports

socalTECH

Machinima , which had been the poster child for Southern California's multi-channel-network (MCN) boom, has laid off most of its employees and ceased its operations , according to reports. The shutdown comes after a reorganization of the digital properties of AT&T, as well as its Otter Media subsidiary. READ MORE>>.

Report 127
article thumbnail

Leaping off the cliff: Making your business virtual

Berkonomics

Overnight, just about every company went into a hiring freeze and massive layoffs dominated the news. Our experience hitting rock bottom helped us to open our eyes (and keep them open) to new ideas, no matter how outrageous or impossible they might seem. In just over eighteen months, we were on track to double in size.

Layoffs 120
article thumbnail

Should Startups Announce Their Funding?

Both Sides of the Table

It makes it easier to persuade others to join you, it alerts other angels & VCs that you’re a company to be on their radar screen, it helps potential customers know that you may be worth doing business with and it builds you up to announce other milestones down the line. They help create confidence amongst your staff in your future.

Startup 355
article thumbnail

Interview with Josh Stomel, ResumeBucket

socalTECH

Our startup interview this morning is with Josh Stomel , founder of ResumeBucket (www.resumebucket.com), a new web site that is focused on helping people share their resumes with the world. I went on to Oversee.net, and helped to build that company from 60 to 250 employees. Josh Stomel: We're seeing more and more layoffs every day.

Startup 140
article thumbnail

Ryan Blair, HashtagOne: From Gang Member, To Entrepreneur, To Anti-VC

socalTECH

I had a sales force when I was at SkyPipeline, selling telecom, networking, and broadband wireless products. I learned a hell of a lot, invested my gains, and set up my venture fund, knowing I was going to monetize the network I had created. I use the opportunity to test them, and apply my style and work with them, and help them.