BetterWorks Goes From Feast To Famine With Layoffs


A 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. betterworks layoffs employment employee silicon beach paige craig resources human fringe benefitsThe 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.

Insights and Opinions: How To Survive A Layoff


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. The stock market is showing progress these past few weeks, local start-ups are beginning to see an increase in VC funding and SoCal technology firms are hiring.

LivingSocial Shuts Torrance Facility, Cuts 400


In a major Los Angeles area layoff, daily deals and offers service LivingSocial is closing a sales facility in Torrance, and cutting 400 employees throughout the company, as part of a restructuring. livingsocial torrance layoff jobs employment daily deals restructuring marketing LivingSocial did not say how many employees cut were specifically in Torrance, but said the move cuts the company''s total workforce by approximately 20 percent.

Machinima Lays Off Most Employees, Ceases Operations, Say Reports


Machinima first started developing its gaming-related content back around 2008, and helped usher in a healthy investment market for multi-channel-networks, companies which aggregated multiple YouTube creators and channels into a single media company. machinima otter media gamer gaming streaming content hollywood videogame fullscreen layoff jobs employment merger acquisition youtube

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Bird Cuts Five Percent Of Staff, Says Report


Bird has been attempting to expand as quickly as possible into new markets, even launching a service called Bird Platform that lets other entrepreneurs buy and maintain their own fleet of "Bird" branded scooters in their own market. limebike lime transportation ondemand rental scooter employment jobs layoff bird

Qualstar Continues To Look At Strategic Options


The company says it has been seeing competition in the data storage industry which has "create pressure" on maintaining market share, saying that "market headwinds" have been challenging the company. Qualstar had a major layoff in March of 2016, along with other cost cutting moves, which looked to have most stemmed its quarterly losses. qualstar merger acquisition layoff jobs storage power hardware electronics

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Coda Automotive Lays Off 50


The layoffs--first reported by PlugInCars--apprently included a "substantial part" of its sales and marketing staff. The layoffs impact approximately 15 percent of Coda's workforce. The layoffs apparently come as the company has sold less than 100 of its automobiles since launching in March, according to the report. coda automotive electric vehicle cleantech jobs layoff employment

Zynga's Loss, SGN's Gain


The announcement Monday that Zynga is cutting 18 percent of its workforce is throwing a lot of talent onto the market, to the benefit of the company''s competitors. zynga layoff jobs employment hiring videogame content game social mobile

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OneRoof Energy Cuts Staff, Starts Winding Down Operations


San Diego-based residential solar power installer OneRoof Energy said late Friday that it has "significantlyr educed" its work force, and has begun winding down its operations, after it said it was unable to secure financing necessary to continue sales, marketing, and development. oneroof energy layoff jobs employment solar power cleantech installer residential deadpool

BetterWorks Shutting Down On May 31st


Craig said that the shutdown came as a result of not being able to sustain a large enough market, relative ot the high cost of customer acquisition. betterworks layoffs employment employee silicon beach paige craig resources human fringe benefits shutdown deadpoolIn what is a huge blow to Silicon Beach, Santa Monica-based BetterWorks , the software-and-technology-meets-employee-perks startup run by Paige Craig, told its users today that it is sunsetting its site on May 31st.

Zumbox Shutting Down


According to a message from the company-- first posted by Infotrends --the company said the "time and cost" required to deliver on its concept of "digital postal mail" is "more than the market is prepared to invest." zumbox postal delivery mail shutdown employment jobs layoff

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Fisker Automotive Chops Staff


Fisker has been scaling back sales projections for its Karma luxury sports car, after a series of recalls and other issues in getting the car to market. fisker automotive layoff electric jobs cleantech employment cars

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3D Robotics Shuts San Diego Office


Drone maker 3D Robotics , the high profile, consumer drone maker, has closed its San Diego offices and is now refocusing on the enterprise market, according to a number of reports. robotics drone aerial vehicle diego jobs employment layoffs shutdownThe shutdown of 3D Robotics' San Diego offices also sees the loss of 3D Robotics co-founder Jordi Munoz, who helped founded the drone maker in San Diego.

Boulder Electric Vehicles Shuts LA Facility


Boulder Electric Vehicles had been developing medium- and light-duty electric trucks, aimed at the corporate and municial market READ MORE>>. boulder electric vehicles shutdown angeles cleantech truck auto transportation layoff Boulder Electric Vehicles , a startup developing electric powered has shut down its production facility in Chatsworth, as the company looks for a buyer. The move was originally reported by The Daily News.

Websense To Move 470 Jobs To Texas


It has not been a great few weeks for San Diego''s technology jobs market: yesterday, Sony Electronics, another big employer in San Diego also announced a big cut of employees, letting 400 go at its location in the city. websense jobs employment texas layoff

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OneRoof Energy Cuts Staff, Realigns Business


The company said it is moving away from the more traditional, door-to-door and other aggressive sales tactics that are being used in the solar market. oneroof energy jobs employment layoff solar cleantech sales employeesSan Diego-based residential solar installer OneRoof Energy has cut its staff, and says it is in a major realignment of its business operations to tap into consumer services providers and partners, rather than invest in its own direct sales.

THQ To Cut 240 Employees


Agoura-based THQ said Thursday that it is chopping 240 jobs as part of a "realignment" of its organization, as it exits the kids licensed video game market. The layoffs come after the firm missed Wall Street estimates, with revenues of $404.4M. layoff jobs employment games gaming content videogameTHQ said the cuts would save the firm approximately $160M annually between general and administrative costs and product development.

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LSI Cuts Jobs In Southern California


LSI Corporation , a developer of data storage products, has cut a product line it had been developing in Southern California, resulting in the layoffs of employees in Irvine and Westlake Village, as well as Israel and Silicon Valley. According to reports in The Register, LSI said it would be discontinuing its SVM and DPM products because of the "rapidly changing" external storage market. Sources close to LSI confirmed the layoffs.

RealD Cuts Staff, Downsizes Facilities


According to RealD, the cuts include the elimination of certain sales and marketing and research and development expenditures. reald layoff jobs employment hollywood movie projection theater Los Angeles-based 3D movie project technology developer RealD said this morning that it has cut its headcount, and will be downsizing its facilities, as part of a expense reduction move.

Rumor: Slashes Staff, Seeks Buyer


The anonymous tipster said that an interim management team is now seeing to sell the company after a severe layoff by its investors. Multiple phone calls and emails to the firm either bounced or were not returned by the company over the last week, and attempts to reach the firm's marketing and public relations contacts for comment have failed. cooking layoff jobs merger acquisition ecommerce food

Cytori Therapeutics Chops Staff, Executives


The company also said that its EVP of Marketing and Sales, Mr. Claude Shores--as well as other, un-named employees--have resigned and left the company. cytori therapeutics executive biotech lifescience biopharma biopharmaceuticals layoff jobs employment San Diego-based Cytori Therapeutics has chopped its staff and executives, and has plunged into arestructuring effort to reduce costs, the company said this morning, after a safety hold on one of its clinical trials.

Rumors Swirl Around THQ


The rumors were denied by the company, although the firm said it has "made decisions to ensure that the company is strategically addressing the most attractive markets." Exactly what that means--the implication is a major realignment or layoff at the company--has not yet become apparent. rumor layoff jobs employment games gaming content videogame merger acquisition

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Struggling EV firm Faraday Future gets another financial lifeline with new $225M investment

TechCrunch LA

asset management firm Birch Lake Associates and it is aimed at bringing Faraday’s flagship FF91 SUV to market. Editor’s note: This post originally appeared on TechNode , an editorial partner of TechCrunch based in China.

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International Rectifier To Close El Segundo Plant


The firm blamed weak demand in its markets for the move, which came after it its results showed a 15 percent decrease in year-to-year, fourth quarter results. The firm cited weak end-market demand, particularly in Asia and Europe, for the move, and also said it is looking at resizing its Newport, Wales fabrication facility. semiconductor layoff jobs employment analog power segundo rectifier international

Zogenix Chops Staff


The firm said it retains 93 full time equivalent employees at the company, including 57 in sales and marketing; the firm is now hoping the FDA will provide action on its NDA sometime this summer. zogenix pharmaceutical lifescience jobs employment layoff disorder drug development San Diego-based pharmaceutical firm Zogenix has made some big cuts, the firm said yesterday, after the FDA delayed approval for the company''s lead product.

Somaxon Cuts Staff, Looks for Buyer


The publicly held firm said it continues to maintain a sales force and will "protect the intellectual property position of its product", and will continue to market its product Silenor, while it seeks strategic alternatives. somaxon employment jobs layoff lifescienceSan Diego-based Somaxon Pharmaceuticals , a developer of sleep medication, said today that it has cut 60 percent of its non-field based employees, and has hired a financial advisor to help sell the company.

THQ Details Buyers, Numbers After Fire Sale


The sale splits what had once been a flagship videogame publisher in Southern California, and also puts a large number of THQ staffers on the market; THQ said it expects new owners to extend employment offers to the employees working on those properties, but in a letter to employees Wednesday, the company's CEO, Brian Farrell, said it expected those not covered in the acquisitions would be let go. bankruptcy sale videogame court legal games publishing employees jobs layoffs

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THQ To Lay Off 600


Agoura Hills-based THQ , a developer and publisher of video games, said Wednesday that it is making "additional cost reduction actions" which includes the layoff of approximately 600 people, or 24 percent of the company's workforce. Tags: employment jobs layoff video content game

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XCOR Aerospace Files For Chapter 7


XCOR had been one of a number of companies in Southern California pursuing the commercial space market. The bankruptcy follows a layoff of all of the company's employees in July , when it said it was unable to raise money to further fund its spacecraft development efforts. At the time of the layoffs, it said it would be continuing to look for funding.

High Functioning vs. Low Functioning Startup Boards

Both Sides of the Table

this requires a strong knowledge of market data, employee performance, company performance relative to market and available resources?—?cash Should we cut costs, do layoffs, close divisions and focus scare resources on fewer projects?

Bio Roundup: Phase 3 Fails, Shkreli Jailed, Moderna Flip-Flops & More


A pair of industry-critic doctors tried to shift perspective of the estimated costs of bringing a drug to market. It was a week of realignments. President Trump, who used to be known as “The Donald” but now goes by “ Amnesty Don ,” kept up the parlay-voo with his new friends Chuck and Nancy. Martin Shkreli, who was once known— and still is! —as the “pharma bro,” will have a new perspective for a while, through the bars of a jail cell.

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Capstone Lays Off 22


Chatsworth-based Capstone Turbine , a manufacturer of microturbine systems for the power generation market, announced this morning that the firm has laid off 22 positions at the firm. Tags: capstone turbine employment jobs layoff According to Capstone, the cuts came on March 23rd, and are on top of a February cut of 19 employees and 16 open positions at the company, bringing the firm's total employees to 212.

Vitesse Cuts 12 Percent Of Employees


Vitesse is a maker of semiconductors for the high speed networking and other related markets. Tags: layoff jobs employment semiconductor vitesse Camarillo-based Vitesse Semiconductor , a manufacturer of high speed networking and other semiconductors, said Tuesday afternoon that it has cut approximately 12 percent of its worldwide workforce. According to the firm, the moves were made to "further reduce" the firm's operating expenses.

Cortex Pharmaceuticals Lops Half Of Workers


According to Cortex, it has reduced its personnel by approximately 50 percent, because of the "continuing uncertainty in the capital markets" and the economy. Tags: employment layoff cortex pharmaceuticals psychiatric lifescience Irvine-based Cortex Pharmaceuticals , a developer of biopharmaceuticals for treating psychiatric disorders, neurological diseases and brain-mediated breathing disorders, said Thursday that it has cut half of its staff as part of a restructuring.

Harman International Shuts New York Offices


Harman said the move will affect about 130 employees, including sales, marketing, and administration staff. Tags: jobs employment layoff harman international Harman International, a manufacturer of audio and entertainment products including Harman Kardon, Infinity, JBL, and other products, said Wednesday afternoon that it is shutting down its Woodbury, New York offices and consolidating them into its Northridge location.