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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>>.
You may not see it here in Southern California's hightech 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.
In the latest cuts among Silicon Beach's hightech community, CityGrid , which runs Citysearch, Insider Pages, and Urbanspoon--has laid off a chunk of its staff, including a significant number of Los Angeles employees. The cuts come on the heels of cuts at BeachMint, ShoeDazzle, and Cooking.com. READ MORE>>.
Costs for entry and for modernization are high. Competition is high, profitability is low, especially low when compared with some of the new, hot industries such as those burgeoning in the high-tech arenas. In terms of analysts such as Michael Porter of Harvard, the bargaining power of buyers, the customer, is high.
In your own startup, you might experience lean times, but you never will be crushed in a stampede, like a middle-manager in a corporate layoff. When high-tech businesses, founded by appropriately educated entrepreneurs who received money from sophisticated investors are considered, the survival rates are even more encouraging.
military’s high-tech think tank DARPA described Safe Genes, a new program to fund safety measures that can be built into genome editing technology or counter its potential wayward effects. —Merrimack Pharmaceuticals (NASDAQ: MACK ) announced layoffs of 22 percent of its staff and the resignation of CEO Robert Mulroy.
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