The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

TechCrunch LA

There were, of course, those who used the opportunity to make a marketing push or pitch a story. ” Layoffs in a time of COVID-19. If so, go check out Layoffs.fyi, the site doesn’t just list layoffs.

BetterWorks Goes From Feast To Famine With Layoffs

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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.

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Insights and Opinions: How To Survive A Layoff

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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.

ZipRecruiter Cuts More Than 400

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The company, which is led by CEO Ian Siegel, had been in the midst of an incredible expansion, having grown to more than 1,000 employees in 2018 among a strong job market. ziprecruiter layoff jobs unemployment pandemic covid19 virusSanta Monica-based ZipRecruiter , which provides online recruiting services, has cut more than 400 employees, one of thousands of companies cutting their ranks as a result of the ongoing COVID-19 pandemic.

Wag Buys Back Stake From SoftBank

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marketplace market ondemand employment jobs layoff vision acquisition merger softbank boarding walkingLos Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, according to CNBC. The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund.

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Wag Buys Back Stake From SoftBank, Now Seeking Buyer

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walking boarding softbank merger acquisition vision layoff jobs employment ondemand market marketplaceLos Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, and is now seeking a sale, according to CNBC. The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund.

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LivingSocial Shuts Torrance Facility, Cuts 400

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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.

HuffingtonPost Abandons Los Angeles Video Streaming Effort, Says Report

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The move apparently came as HuffingtonPOst is shifting its HuffPo Live focus to international markets. huffingtonpost video streaming livestream talk television content hollywood huffpo live layoff jobs

Qualstar Continues To Look At Strategic Options

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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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Bird Cuts Five Percent Of Staff, Says Report

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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

Coda Automotive Lays Off 50

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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

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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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BetterWorks Shutting Down On May 31st

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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.

OneRoof Energy Cuts Staff, Starts Winding Down Operations

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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

Zumbox Shutting Down

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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

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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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Boulder Electric Vehicles Shuts LA Facility

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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

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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

3D Robotics Shuts San Diego Office

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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.

Three questions to answer about your COVID response

Berkonomics

Raising money during this crisis will be almost impossible, even from friends and family shocked by the stock market declines. Do you still need marketing costs when there is no-one out there buying new product? Most of us are affected by this current crisis.

THQ To Cut 240 Employees

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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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OneRoof Energy Cuts Staff, Realigns Business

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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.

LSI Cuts Jobs In Southern California

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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

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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: Cooking.com Slashes Staff, Seeks Buyer

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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

Rumors Swirl Around THQ

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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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Cytori Therapeutics Chops Staff, Executives

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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.

Zogenix Chops Staff

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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.

International Rectifier To Close El Segundo Plant

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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

Somaxon Cuts Staff, Looks for Buyer

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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

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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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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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THQ To Lay Off 600

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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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Capstone Lays Off 22

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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

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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

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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.

XCOR Aerospace Files For Chapter 7

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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.

Harman International Shuts New York Offices

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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.

Veoh Cuts 20 Percent

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Veoh said that the firm, although doing well financially, could not predict how soft the online advertising market will become, given the economic challenges of today. The layoffs occurred yesterday, when employees were notified of the move. Los Angeles- and San Diego-based Veoh (www.veoh.com), an online video sharing site, has laid off 20 people, or roughly 18-20 percent of the firm's employees.

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Entropic Cuts Workers, Closes Locations

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San Diego-based Entropic Communications , a manufacturer of semiconductors for the home entertainment market, said in a filing with the SEC Tuesday that the firm is cutting approximately 55 of its employees, or 18 percent of its workforce. Entropic said the move was made to "better position" the company in current market and financial conditions, as well as to "more closely align operating expenses with revenues."

Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

But knowing the right people and knowing a market only works well for angel investors in bullish tech markets in which IPO’s happen quickly (97-99) or where larger companies are actively scooping up little tiny companies at sub $50 million valuations to drive innovation (05-08, 10-?).

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MySpace Lops 300 International Employees

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In a statement, new MySpace CEO Owen Van Natta said that the firm's international staffing had become "too big and cumbersome to be sustainable in current market conditions." Tags: international layoff jobs employment myspace Los Angeles-based MySpace reported this morning that the firm intends to restructure the firm's international operations, and will cut 300 employees from the division.

Teledyne Technologies Lops Employees, To Close Facilities

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The firm said that it had a sales decrease due to contracting commercial markets and the global recession. Tags: teledyne technologies employment jobs layoff aerospace electronics