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Report: Tech Layoffs At Highest Level In Three Years

socalTECH

You may not see it here in Southern California's high tech 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. Image courtesy Bigstock.com READ MORE>>.

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VCA Reports Severe Damage In Carlsbad Fire

socalTECH

The company is the first one to publicly report severe damage in the fires, although countless San Diego area high tech companies sent their employees home on Wednesday and Thursday due to the fires ranging across the area. The company said none of its 70 employees were injured in the fire.

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Q3 Venture Investments For SoCal Total Around $1.0 Billion

socalTECH

Q3 has traditionally been a slower, venture funding quarter in Southern California, due to summer vacations and a slower work schedule for both high tech companies and venture firms during the summer months. billion invested in Q2. The largest deal in the quarter was for Dun & Bradstreet Credibility Corp.

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Thomas Fire Impacting Ventura County's Tech Industry

socalTECH

An uncontrolled, raging fire in Ventura County--which started in Santa Paula last night around 6:45pm, and rapidly spread to more than 25,000 acres early on Tuesday morning--is directly impacting the high tech corridor in Ventura County.

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Energy Innovations' Assets On The Block

socalTECH

Energy Innovations had originally been targeting the residential market with its CPV panels, which it had expected to be more efficient and cheaper than conventional solar panels; however, the firm failed to deliver its products before prices for PV modules dropped due to economies of scale, plus competition from China and thin film modules.

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Santa Barbara Loses Direct Flight To San Jose

socalTECH

The last direct flight from Santa Barbara to Silicon Valley, on a route run by SkyWest Airlines, is being discontinued, according to reports. SkyWest Airlines has informed Santa Barbara Airport officials that it plans to discontinue direct flights to San Jose in June, due to lack of demand.

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Port of Los Angeles Wins $41M For Hydrogen Fuel Cell Project

socalTECH

The Port of Los Angeles reported late Friday that it has received a preliminary award of $41M, from the California Air Resource Board (CARB), for a high tech hydrogen fuel cell freight project.