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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? Are you salespeople making few if any sales because your prospective customers are distracted by their own problems?

Layoffs 218
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Zogenix Chops Staff

socalTECH

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. zogenix pharmaceutical lifescience jobs employment layoff disorder drug development' READ MORE>>.

Layoffs 138
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Websense To Move 470 Jobs To Texas

socalTECH

Another, Vista Equity owned San Diego company--Active Network--recently announced the sale and split of its business products group, which it is merging with another Vista Equity owned company, Lanyon--also based in Texas. websense jobs employment texas layoff' READ MORE>>.

San Diego 170
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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. Part of the financing seeks to reassure Faraday’s suppliers after the financial turmoil the company has seen since late last year, and to “obtain their commitments” to ensure that the FF91 enters mass production.

Invest 143
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THQ To Lay Off 600

socalTECH

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. THQ said the move was a response to the continuing uncertainty in the market. READ MORE>>.

THQ 100
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Harman International Shuts New York Offices

socalTECH

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. Tags: jobs employment layoff harman international.

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Somaxon Cuts Staff, Looks for Buyer

socalTECH

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. READ MORE>>.

San Diego 133