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Elon Musk says Tesla Model Y will be revealed at its LA design studio on March 14

TechCrunch LA

Tesla said that to achieve this lower price it will shift all sales globally to online only, meaning the company will be closing many of its stores over the next few months. There will be some layoffs as a result. The $35,000 Tesla Model 3 has arrived — but it comes with a price.

Design 272
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THQ Plans Reverse Stock Split

socalTECH

Battered videogame developer THQ , which has been suffering from a downturn in its business, said today that it is planning a 1-for-10 reverse stock split, in order to raise its per share trading price so that it will regain compliance with a $1.00 per share, minimum bid price required by the NASDAQ Global Select Market.

THQ 124
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High Functioning vs. Low Functioning Startup Boards

Both Sides of the Table

cash & unallocated stock options) Should we raise capital, from whom, how much and at what price? Should we cut costs, do layoffs, close divisions and focus scare resources on fewer projects? (this requires a strong knowledge of market data, employee performance, company performance relative to market and available resources?—?cash

Startup 269
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Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

My thesis on why this is happening is that large tech companies didn’t invest enough in R&D between 2008-2010 (Google even went through layoffs!!!) This is cheaper for them than waiting for big competitors and buying companies at big prices. and now they’re all buying their way into innovation and talent.

Invest 284
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How will you ride the next wave?

Berkonomics

It won’t be long before another round of layoffs comes, and these new tools will create new jobs to fill the gap. Retailers such as Staples and Home Depot are already charging shoppers different prices based upon where they live, income levels and proximity to a competitor’s store, among other mined attributes. Will hotels be next?

Mobile 156
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Sell when growth is high, even if cash flow is low.

Berkonomics

Usually leading up to the time positive cash flow is initially reached, the management team is not taking a market wage, payables are stretched, and any slowing of receivables collections would likely cause layoffs. They have achieved a level of cash generation which enables “survival” – but it is not sustainable.

Layoffs 120
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10 Strategies For Success Long-Term As Well As Today

Startup Professionals Musings

In the short term you need customers to find you at any price, and in the longer term you need revenue, profit, and return loyalty. This means identifying initiatives early, communicating openly with your team, and asking for their help on the dilemmas of production cuts and layoffs.