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But, in running it now for the second half of January, the keyword that popped to the top was: Layoffs And this is definitely a sign of the times. This hot list is based on various social signals of what people are writing about, reading, bookmarking, searching, etc. You can go to the Hot List post to see what was hot then. Here's the rest.
Los Angeles-based music software startup Topspin has laid off a "significant" amount of staff, according to reports , with a majority of the company''s staff getting the pink slip. The startup offered up web-based apps to help artists and labels reach their fans. topspin music media layoff jobs employment software'
Citygrid did not respond to emails for comment yesterday from socalTECH, however, TechCrunch is placing the size of the cuts at 15 percent of the company. The cuts come on the heels of cuts at BeachMint, ShoeDazzle, and Cooking.com. READ MORE>>.
You may not see it here in Southern California's high tech sector--which has been booming, due to a surge of startup and accelerator activity--but apparently, the technology sector has seen its highest level of layoffs in three years, according to a report today. The number of cuts is apparently the largest, midyear total since 2009.
The move is an abrupt shift from feast to famine for BetterWorks, the high profile employee fringe benefits startup headed by prolific angel investor Paige Craig. A report today from PandoDaily said that Santa Monica-based BetterWorks has terminated all of its sales and marketing staff, and half of its operations team.
For our Insights & Opinions section today, Cathy Ashbaugh, President of Pacific Shore Resources, a local recruiting firm, gives some well timed advice on how to handle a layoff: As we enter into the second quarter of 2009 we are beginning to see small signs of hope and improvement in the economy.
Venture-backed startup Better.com, which offers up an online mortgage service--and which has offices in Irvine--is getting widespread heat for its approach to layoffs--a three minute Zoom call, and the CEO's messages saying those laid-off employees were "stealing" from the company having allegedly working only two hours daily.
Los Angeles-based BeachMint , the online e-commerce and celebrity startup, has quietly let go of some staff this Friday, in what an insider called a "slight trim" of the firm's employee base. News of the layoffs first hit began circulating right before noon.
The layoffs--first reported by PlugInCars--apprently included a "substantial part" of its sales and marketing staff. The layoffs impact approximately 15 percent of Coda's workforce. The layoffs apparently come as the company has sold less than 100 of its automobiles since launching in March, according to the report.
Los Angeles-based ShoeDazzle has cut a significant amount of its staff, according to sources, saying that the company had "major layoffs" Thursday morning. ShoeDazzle's public relations firm could not comment on the report, and the company had yet to reply to requests forwarded to them at press time. READ MORE>>.
The amount of capital invested in Fisker makes the company the highest profile flameout ever in Southern California''s startup history, far surpassing the mere $375M in venture capital raised of of prior record holder Amp''d Mobile from back in 2007. Anaheim-based Fisker Automotive , the troubled electric car maker, has now burnt through $1.4
Los Angeles-based Zumbox , a startup which had been looking to store and deliver information which normally would be delivered via mail in a digital form, is shutting down its services, as of next Monday, April 14th. zumbox postal delivery mail shutdown employment jobs layoff' READ MORE>>.
Last month, the firm's CEO, Peter Hoskins, told socalTECH that the "Most of what we do is consistently profitable, by design. Tags: jobs employment layoff video comerica content maniatv shutdown.
And, on a sad note, Martin Schaedel -- well known to many in the Los Angeles technology community, and a contributor of photos to socalTECH-- has died in a plane crash at the Santa Monica airport. TheWrap --focused on Hollywood and entertainment news-- announced funding from Maveron on Monday.
It all looked good at the time: oil company Exxon needed to develop a more earth-friendly way to produce oil, and San Diego startup Synthetic Genomics needed funding to get its technology off the ground. But then, ExxonMobil cut back its original investment--worth up to $600M--in Synthetic Genomics. What happened?
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.
What's the hardest part of being a startup entrepreneur? Minnie Ingersoll: I grew up here in Southern California, in Pasadena, and have been in the Bay Area for a number of years, and just became a new partner at TenOneTen Ventures. Minnie Ingersoll: A few things, but most recently I started by own company, in 2013.
The celebrity-driven e-commerce firm, which is based in Los Angeles, hit a rough patch last year with a major layoff, and even as recently as this week has been in the midst of reorganizing and restructuring its operations, streamlining operations, and letting go of people that haven't been a match to the company.
Van Natta said that MySpace's size had become "unsustainable," and instead, the firm needs to operate "as a nimble and entrepreneurial company with the adaptive mentality of a start-up." Tags: myspace employee jobs layoff employment. READ MORE>>.
Irvine-based electric vehicle maker Karma Automotive is laying off 60 more workers in Irvine, as the startup continues to shed workers, according to a Worker Adjustment and Retraining Notification Act (WARN) report issued on Wednesday. The new cuts come on top of an earlier layoff involving 200 workers at the company.
Troubled, Los Angeles-based electric vehicle startup Faraday Future has lost a key electric vehicle designer, among a number of layoffs at the company over the last few weeks, according to a report.
Our startup interview this morning is with Josh Stomel , founder of ResumeBucket (www.resumebucket.com), a new web site that is focused on helping people share their resumes with the world. Stomel--who is bootstrapping the startup from his recruiting firm, NeoHire--explained the site to us. What's the idea behind the site?
In what is a huge blow to Silicon Beach, Santa Monica-based BetterWorks , the software-and-technology-meets-employee-perks startup run by Paige Craig, told its users today that it is sunsetting its site on May 31st.
We caught up with Ryan (who calls himself an "anti-VC") to hear more about his investment firm, which has invested in such companies as Heal , Elite Daily , Saucey , and FragMob. Tell us a bit of the story on how you started HashtagOne? We want to have startups we can get productive or generating revenue pretty quickly.
Our interview today is with Greg Martin , co-founder of LiquidStock (www.liquidstock.com), an investment fund which offers up a way for employees of private companies to exercise their stock options before an IPO or acquisition. Tell us what you're up to now? Why did you start LiquidStock rather than a more traditional venture fund?
In Lyft's case, most of those employees were part of a startup called Motivate, which was acquired by Lyft about three months ago. The move follows similar cuts over at the scooter department of Lyft, which laid off approximately 50 people in its bicycle and scooter operations, just ahead of an expected IPO filing.
Santa Monica-based Fair , the subscription vehicle service lead by startup veteran Scott Painter, is laying off 40 percent of its staff, according to reports , and also is replacing its CFO. The report says that current CFO Tyler Painter, the brother of CEO Scott Painter, is being replaced by Kirk Shryoc.
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