article thumbnail

Google Confirms Motorola Mobility 4000 Layoffs

Tech Zulu Event

Google will also simplify Motorola’s mobile product portfolio to profitability. Google will however feel the layoffs. The post Google Confirms Motorola Mobility 4000 Layoffs appeared first on TechZulu. Motorola Mobility will drop the manufacture of feature phones to profitable devices. Motorola annual financial report is here.

Layoffs 63
article thumbnail

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

TechCrunch LA

Musk has been teasing the car’s release since 2015, and in a January letter to shareholders said that high volume production would begin by the end of 2020. There will be some layoffs as a result. It’s the fifth new car design to come from Tesla’s shop since the company was founded in 2003.

Design 272
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Conexant Completes Product Line Sale, Chops 100 Employees

socalTECH

Newport Beach-based Conexant reported Monday afternoon that it has completed the sale of the firm's Broadband Access product lines to Ikanos. Tags: ikanos acquisitoin merger employment jobs layoff conexant. The deal was worth $54M. Conexant had said it would sell the unit in April. READ MORE>>.

Sales 100
article thumbnail

Boulder Electric Vehicles Shuts LA Facility

socalTECH

Boulder Electric Vehicles , a startup developing electric powered has shut down its production facility in Chatsworth, as the company looks for a buyer. boulder electric vehicles shutdown angeles cleantech truck auto transportation layoff' The move was originally reported by The Daily News.

article thumbnail

Semtech Cuts Staff

socalTECH

According to Semtech, the job cuts came due to a "significant reduction" in demand for its products in the second half of its fiscal 2014. semtech semiconductor analog mixed signal jobs employment layoff camarillo ventura' The company said it expects to save approximately $35.0M annually via the restructuring. READ MORE>>.

Ventura 147
article thumbnail

Ocera Cuts Site, Jobs In Quebec

socalTECH

According to Ocera, the move will allow it to focus on it lead product candidate. pharmaceuticals biopharmaceuticals lifescience disease liver layoff employment jobs biopharma therapeutics ocera' The location was part of Transzyme, which Ocera acquired back in July. READ MORE>>.

Sites 147
article thumbnail

QLogic Chops Staff In Restructuring

socalTECH

Aliso Viejo-based storage and networking products firm QLogic said Tuesday that it has cut its workforce as part of a restructuring plan, which it says will help it drive long term profitable growth. qlogic employment jobs storage networking layoff restructuring hardware' READ MORE>>.

Layoffs 153