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Qualcomm Confirms FLO TV Shutdown Plans, Layoffs

socalTECH

Qualcomm said it is suspending direct consumer sales of devices, and will continue maintaining the service until Spring 2011. Qualcomm said that--if it shuts down the service--it will make "appropriate refunds" and would order some layoffs related to the shutdown. READ MORE>>.

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Glossier just laid off one-third of its corporate employees, mostly in tech

TechCrunch LA

“[W]e are shifting our technology strategy to leverage external partners for parts of our platform that we’re currently maintaining internally,” Weiss wrote in the email announcing the layoffs to staff. The tech team layoffs are notable for a beauty retailer that has often described itself as a technology company.

CTO Hire 197
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THQ Details Buyers, Numbers After Fire Sale

socalTECH

Bankruptcy Court has granted a motion to approve a sale of the majority of THQ's assets to multiple buyers. THQ detailed the sale Wednesday night, saying the company's estate will receive approximately $72M in total through the sales of its owned studios and games in development.

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Specific Media Pares Staff As It Digests MySpace

socalTECH

Irvine-based Specific Media has cut a small amount of its staff, as it continues to absorb its buy of Los Angeles-based MySpace. Specific Media would not confirm the exact extent of its cuts, but reports say the cuts were less than 8 percent of the firm.

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