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Blippar, Backed by Qualcomm Ventures, Calls It Quits

socalTECH

According to Blippar, it had been attempting to gain a "small amount of funding" as it was making a shift into the B2B market, but an un-named, existing investor "voted against the additional funding, effectively blocking the investment even if they were not asked to participate in any further financing of the business". READ MORE>>.

Layoffs 133
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Tech Companies Are Hiring Staff… Then Rescinding the Offers

Tech.Co

Other companies, like Shopify -backed ecommerce delivery startup Swyft, have laid off up to a third of their workforce in an effort to weather the bleak economic conditions, with a number of big names in ecommerce also struggling. Please fill in your name. Mass Layoffs Taking Place. A False Start. Please fill in your email.

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Cytori Therapeutics Chops Staff, Executives

socalTECH

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' READ MORE>>.

Layoffs 138
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Crypto.com Cuts 20 Percent

socalTECH

Singapore-based Crypto.com--the cryptocurrency company which owns the naming rights to the Crypto.com Arena in Los Angeles--has cut 20 percent of its staff, citing "economic headwinds" and "unforeseeable" events in the crypto industry. reportedly impacted more than 2,000 people. Crypto.com blamed the collapse of FTX.

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Interview with Minnie Ingersoll, TenOneTen Ventures

socalTECH

We had to do a reduction-in-force and layoff early in our career, and I thought we were done. For me, being able to name it, and talk about it, has been incredibly helpful. I think that the hardest thing for me, generally, is that emotional resilience. That's not any one thing. We had ups and down. It was multiple times.

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Autobytel Chops CEO, Cuts 25 Percent Of Staff

socalTECH

Irvine-based Autobytel said late Friday that it has cut 25 percent of the firm's employees, and also named a new CEO. Coats has been named the company's President and CEO, replacing current CEO Jeff Riesenbach. in the fourth quarter for the layoffs, including severance for Riesenbach. annually in costs.

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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

. “Whenever you’re doing something that’s affecting people’s jobs — and especially in a company where I basically recruited everyone and knew everyone by face and name — it’s obviously super painful to do that under any circumstance,” Czinger said in an interview this week. The company’s No.

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