Faraday Future Employees Face Layoffs, Pay Cuts

socalTECH

According to information leaked from employees within the company, the pay cut and layoffs started this week, as Faraday has run out of funding due to a legal spat with the Chinese company that bailed out the company last year. Employees of Los Angeles-based Faraday Future have been laid off--without severance--and pay has been cut by 20 percent for those that remain, after renewed financial troubles over at the electric car maker.

Disney Cancels Tech Layoffs In Burbank

socalTECH

disney television layoff jobs employment immigrant labor foreign worker replacementDisney/ABC Television , which had planned to replace about 35 information technology workers split between its New York and Burbank offices with imported H-1B workers from an outsourcer, has abruptly cancelled those plans. Disney had told its workers in May that it would be replacing them with workers--imported from India--from outsourcer Cognizant.

Silicon Beach Report March 7: Snap Inc. Expected to Announce Layoffs

L.A. Business Journal

expected to announce layoffs; AeroVironment secures contract, narrows losses; and Ordermark raises $3.1 Snap Inc. million

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. active network layoff jobs employment private equity texas websense omnitracs San Diego-based sports registration service Active Network has laid of over 100 people, according to sources near the company.

Zynga Layoffs Hit LA Office

socalTECH

A widespread layoff at social games maker Zynga has hit Los Angeles, with around 55 employees being let go from the location, according to tweets from the company''s employees. zynga angeles office videogame jobs layoff scopely It appears that Zynga is closing its entire LA operation , according to reports. Overall, it appears Zynga is laying off 20 percent of its worldwide staff.

Rubicon Project In Major Layoff, Chops 19 Percent Of Staff

socalTECH

Los Angeles-based online advertising marketplace Rubicon Project is in a major layoff, saying in its quarterly results on Wednesday that it is cutting 125 employees, or roughly 19 percent of its workforce. rubicon project advertising marketplace layoff jobs employmentAccording to the company, its Q3 was a "challenging quarter" for its industry and "our business in particular". According to Rubicon Project, the cuts will save it approximately $18.0M

Qualstar Seeks Strategic Alternatives, Hints At Layoffs

socalTECH

qualstar merger acquisition layoff jobs storage power hardware electronicsWeestlake Village-based data storage and high efficiency power supply maker Qualstar said Wednesday that it is looking at "strategic alternatives", including "mergers, acquisitions and divestures", and also will make "personnel adjustments" to help it reduce operating expenses.

Topspin In Major Layoffs, Says Report

socalTECH

Topspin did not detail the reason for the layoffs, or how many employees were affected by the move. topspin music media layoff jobs employment software Los Angeles-based music software startup Topspin has laid off a "significant" amount of staff, according to reports , with a majority of the company''s staff getting the pink slip. The startup offered up web-based apps to help artists and labels reach their fans. Topspin is venture backed by Foundry Group and Redpoint Ventures.

Kythera Chops 117 Employees In Post Acquisition Layoff

socalTECH

The layoffs number to more than half of the company's pre-acquisition workforce, of around 200 employees earlier this year. kythera allergen biotech biopharma biopharmaceuticals merger acquisition layoff jobs

Silicon Beach Report Jan. 8: GoPro layoffs, Grindr founder leaving, new lights for Ring’s smart doorbells

L.A. Business Journal

GoPro announced layoffs and cost-cutting as the camera and software company exits the drone business; video doorbell maker Ring has acquired light maker Mr. Beams; and the founder of dating app Grindr is stepping down following the company’s acquisition by a Hong Kong-based mobile gaming company

Qualcomm Sets For Major Layoffs, To Cut 10 Percent Of Staff

socalTECH

San Diego-based Qualcomm is set to announce major layoffs, according to multiple reports , which say the chipmaker is planning to cut more than 10 percent of its workforce. The layoffs are expected to be announced during Qualcomm's earnings call. Qualcomm has not officially announced the layoffs yet, which are expected to hit from 3,000 to 4,000 employees. qualcomm layoff jobs employment

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. tech layoffs jobs employment

Layoffs Take Big Toll In California In 2009

socalTECH

The latest number released from the United States Department of Labor finds that 2009 was an ugly year for Californians, as measured by the number of mass layoffs and jobs lost. The agency did not break down the geographic spread of those layoffs across the state.

Nasty Gal In Major Layoffs

socalTECH

Los Angeles-based Nasty Gal , the online women''s wear retailer led by Sophia Amoruso, has reportedly laid off 10 percent of its staff, or over 20 employees, according to fashion industry reports. Nasty Gal said in a statement that the moves are part of a move to "strategically re-organize" its business. READ MORE>>. nastygal nasty sophia amoruso fashion retailer ecommerce women

Qualcomm Confirms FLO TV Shutdown Plans, Layoffs

socalTECH

Qualcomm said that--if it shuts down the service--it will make "appropriate refunds" and would order some layoffs related to the shutdown. Tags: qualcomm television content streaming media layoffs entertainment jobs employment San Diego-based Qualcomm confirmed Tuesday evening that it is considering shutting down its FLO TV, mobile television service, after reports that the firm is planning to shut off the service.

BetterWorks Goes From Feast To Famine With Layoffs

socalTECH

betterworks layoffs employment employee silicon beach paige craig resources human fringe benefitsA report today from PandoDaily said that Santa Monica-based BetterWorks has terminated all of its sales and marketing staff, and half of its operations team. The move is an abrupt shift from feast to famine for BetterWorks, the high profile employee fringe benefits startup headed by prolific angel investor Paige Craig.

CyberDefender Set For Huge Layoffs

socalTECH

Once high-flying security software firm CyberDefender , which filed for Chapter 11 bankruptcy in February, looks to be taking the axe to its employees, according to a regulatory filing by the firm. In a filing with the state, CyberDefender says it is laying off 307 employees on June 1st. CyberDefender provided Internet security software and remote technical services, and said in February that it had filed for Chapter 11 and would be sold to GR Match, LLC., one of its investors.

Report: Veoh Planning Major Layoffs

socalTECH

Quoting a "source close to the company" VentureBeat said that the layoffs would be "drastic." Tags: veoh layoff jobs video content San Diego- and Los Angeles-based online video site Veoh is reportedly in the midst of a "major restructuring," according to a report from VentureBeat. An email to Dmitry Shapiro, CEO of Veoh, this morning, asking for comments on the rumor was not returned. Veoh laid off 20 percent of its employees in November.

Veoh 100

Intuit Layoffs To Hit Southern California

socalTECH

Layoffs at personal finance software maker Intuit are set to hit a number of the firm's Southern California locations. The layoffs date are split between August 3rd and August 17th, according to the WARN filings. WARN (Worker Adjustment and Retraining Notification) is a California law which requires certain companies to report when they are planning mass layoffs at least 60 days in advance. Tags: intuit software layoff warn

Google Confirms Motorola Mobility 4000 Layoffs

Tech Zulu Event

Google will however feel the layoffs. The post Google Confirms Motorola Mobility 4000 Layoffs appeared first on TechZulu. Google has confirmed the firing of 20 percent of Motorola Mobility employees. A company it bought in May.

Layoffs Hot Keyword for Second Half of January 2009

SoCal CTO

But, in running it now for the second half of January, the keyword that popped to the top was: Layoffs And this is definitely a sign of the times. Last month we Launched Los Angeles Tech and in the announcement we provide the Hot List for the first half of January 2009. This hot list is based on various social signals of what people are writing about, reading, bookmarking, searching, etc. You can go to the Hot List post to see what was hot then.

Insights and Opinions: How To Survive A Layoff

socalTECH

For our Insights & Opinions section today, Cathy Ashbaugh, President of Pacific Shore Resources, a local recruiting firm, gives some well timed advice on how to handle a layoff: As we enter into the second quarter of 2009 we are beginning to see small signs of hope and improvement in the economy. Chances are that someone you know--friend, relative, coworkersadly, even you may experience a layoff. Tags: jobs layoff employment insights articles

Silicon Beach Report October 26: Faraday Future Faces Further Financial Troubles

L.A. Business Journal

An Emmy for Blue Microphones; Netflix work environment under the microscope; Faraday Future initiates widespread layoffs

Report: Qualcomm Cuts 125 In San Diego

socalTECH

According to the report, the layoffs come as Qualcomm has been winding down its data center unit, which now apparently only has around 50 employees--down from nearly 1,000 earlier this year. qualcomm data center semiconductor processor layoff jobs chipsSan Diego-based Qualcomm has laid of 125 employees in San Diego, part of a contingent of 269 employees laid off across the company in its data center processor business, according to a report this morning.

Silicon Beach Report May 4: Google Partners with Fandango

L.A. Business Journal

Google partners with Fandango; Layoffs at Uproxx Media Group; lawmakers call for diversity in tech

Report: Snap Chops 100 More Employees

socalTECH

The cuts this time apparently came from the advertising side of Snap, and follows a big layoff of engineers in February. snap snapchat jobs employment layoff cuts social networkingVenice-based Snap has cut another 100 of its employees , according to reports on Thursday, as it continues to trim its workforce. READ MORE>>.

Venice 100

Sonos Cuts 96 Employees

socalTECH

Deails on the layoffs have not been announced by the company, nor reason for the cuts. The layoffs come even as the company has reportedly prepping an IPO offering in June. sonos layoff jobs employment hardware smart whole home music merger acquisitionSanta Barbara-based Sonos , which makes user-friendly, whole home music systems and speakers, has laid off 96 employees, according to multiple reports from Santa Barbara media on Friday.

Alexander Kjerulf's Chief Happiness Officer blog, and surviving a downturn without layoffs

CEO Flow

By the way, I would never tell a CEO to do everything they can to avoid layoffs. Layoffs can hurt a culture, or it can help it – it depends on how they’re handled, and the unique situation of the company. Is there a better way out of a corporate crisis than layoffs?

Alexander Kjerulf's Chief Happiness Officer blog, and surviving a downturn without layoffs

CEO Flow

By the way, I would never tell a CEO to do everything they can to avoid layoffs. Layoffs can hurt a culture, or it can help it – it depends on how they’re handled, and the unique situation of the company. Is there a better way out of a corporate crisis than layoffs?

Alexander Kjerulf's Chief Happiness Officer blog, and surviving a downturn without layoffs

CEO Flow

By the way, I would never tell a CEO to do everything they can to avoid layoffs. Layoffs can hurt a culture, or it can help it – it depends on how they’re handled, and the unique situation of the company. Is there a better way out of a corporate crisis than layoffs?

Alexander Kjerulf’s Chief Happiness Officer blog, and surviving a downturn without layoffs

CEO Flow

By the way, I would never tell a CEO to do everything they can to avoid layoffs. Layoffs can hurt a culture, or it can help it - it depends on how they’re handled, and the unique situation of the company. Is there a better way out of a corporate crisis than layoffs?

Sony Slashes Staff At San Diego Game Studio

socalTECH

According to reports , the layoffs are part of a wider cut in its videogaming operations which also included workers in London. sony diego studios videogame studio layoff jobs employment online gamesSony has cut more than 50 employees in San Diego, at its Sony San Diego Studio , which develops videogames such as Kill Strain and MLB. Gamasutra reported the moves are possibly a move away from "live games" development at Sony. READ MORE>>.

Whisper Chops Staff

socalTECH

sharing anonymous deadpool employment jobs layoff whisperVenice, California-based Whisper , which operates an app and website that lets users share anonymous thoughts--and combines that with other content--has reportedly laid off 20 percent of its staff, or 14 out of its 71 employees, according to a report on Friday. Whisper, led by Michael Hayward, has raised $61M in total funding. READ MORE>>.

Venice 126

Jaunt Abandons VR, Makes Big Cuts To Staff

socalTECH

jaunt virtual reality content augmented layoff jobs employment deadpool hollywoodVirtual reality studio and content producer Jaunt --which has a virtual reality content development effort in Los Angeles--said on Monday that it is "winding down" a number of its virtual reality products and content services, and switching its focus to augmented reality.

Friday roundup: More layoffs, venture roundup, growth at firms, and more

socalTECH

In our Friday Southern California technology news roundup: The economy continues to be in the news this week, as Broadcom is cutting 200 employees as it sees a glum Q1.