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Active Network has been contacted, but has not yet responded to queries about the layoff. No details on the layoff have been announced by the privately held company, and the company had not yet filed a notice with the state of California''s WARN system on any impending cuts. READ MORE>>.
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.
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.
Santa Ana-based TTM Technologies , a printed circuit board manufacturer, announced late Tuesday that the firm is closing both its Los Angeles and Hayward, California facilities, resulting in the layoff of 347 employees. Tags: layoff employment electronics technologies.
Local technology executives seem to be optimistic going into the new year, believing the worst of the economic decline has passed, and are also looking at hiring this year, according to the latest socalTECH.com Industry Survey. Tags: survey technology executives socaltech economy jobs hiring.
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. Yet, we are not out of the woods.
Superconductor Technologies , the developer of superconducting wire and wireless component which has operations in Santa Barbara, has cut nearly a third of the company''s jobs in February, and reduced its staff to 30. layoff jobs barbara santa santabarbara employment wireless wire technologies superconductor' READ MORE>>.
LSI Corporation , a developer of data storage products, has cut a product line it had been developing in Southern California, resulting in the layoffs of employees in Irvine and Westlake Village, as well as Israel and Silicon Valley. Sources close to LSI confirmed the layoffs.
In our Friday Southern California technology news roundup: The economy continues to be in the news this week, as Broadcom is cutting 200 employees as it sees a glum Q1. Tags: california tech technology high southern news. TheWrap --focused on Hollywood and entertainment news-- announced funding from Maveron on Monday.
Thousand Oaks-based Teledyne Technologies , an aerospace and electronics firm, announced Wednesday that the firm has cut six percent of its North American workforce, eliminated salary increases, cut employee stock option awards, and will also close or relocate five of its operating sites, as it looks to cut expenses.
Powerwave Technologies , a developer of wireless antennas and amplifiers, is cutting 182 employees in Santa Ana, according to a WARN notice from the state. The layoffs were first uncovered by the OC Register. Powerwave has been in bankruptcy since January. READ MORE>>.
The move is part of a one-two-three punch to the San Diego technology community, as two Vista Equity-owned technology companies have been moved to Texas in as many weeks. websense jobs employment texas layoff' Texas is providing a $4.5M Vista Equity owns Websense, along with Omnitracs, which is also moving to Texas. READ MORE>>.
Los Angeles-based BeachMint , headed by Josh Berman and Diego Berdakin, has a message to the Los Angeles technology community: the company is still alive, kicking, and has the full support of its investors. beachmint executive layoff ecommerce reporting' READ MORE>>.
ChannelWeb quoted an executive at Ingram, who said that the layoff occurred Tuesday, with as many as 150 cuts in the firm's Orange County offices. Ingram Micro distributes technology products, including electronics, computer accessories, and other products. Tags: ingram employment jobs layoff micro.
Adaptec moved into Lake Forest in August of 2008, when it acquired Aristos Logic , a developer of RAID chips and technology. Tags: adaptec jobs layoff employment orange county lake forest. At that time, Aristos had approximately 75 employees.
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?
San Diego-based Verari Systems , a developer of blade server technology, has shut down, according to publication InsideHPC. Tags: verari systems blade server shutdown employment jobs layoff. According to InsideHPC, Verari Systems shut down due to lack of access to capital. READ MORE>>. READ MORE>>.
Los Angeles-based 3D movie project technology developer RealD said this morning that it has cut its headcount, and will be downsizing its facilities, as part of a expense reduction move. reald layoff jobs employment hollywood movie projection theater' READ MORE>>.
Disney/ABC Television , which had planned to replace about 35 information technology workers split between its New York and Burbank offices with imported H-1B workers from an outsourcer, has abruptly cancelled those plans.
QLogic said that it paid apparoximately $147M for the assets form Broadcom, plus licensed Fibre Channel technology from Broadcom in a separate, $62M payment. qlogic ethernet broadcom merger acquisition intellectual property networking hardware layoff jobs employment cuts' The acquisition deal had been announced in February.
In the statement, Aptera said it will begin volume production when it receives private funding or if it can secure financing through the Department of Energy's Advanced Technology Vehicle loan program. Tags: aptera venture capital layoff employment jobs electric green automobile auto. Aptera is venture backed by Google and Idealab.
The firm also said that its Chief Technology Officer, Thomas Foley, will retire, although the firm said that the move was unrelated to the restructuring. Tags: quidel diagnostic lifescience healthcare layoff jobs employment.
Heavily backed, concentrating solar photovoltaic technology developer Amonix , which is based in Seal Beach, is set to lay off 76 workers across its offices in California, according to regulatory filings with the state. Amonix is heavily backed by Kleiner Perkins, Westly Group, and Angeleno Group, raising a huge, $129.4M round in 2010.
A spokesperson at the firm told socalTECH that the shutdown occurred yesterday, and that the firm is now in the process of looking for buyers of its technology. Aliso Viejo-based High Tower Software, a venture-backed developer of security, compliance, and log management software, has shut down.
UK-based augmented reality technology developer Blippar , which had been backed by Qualcomm Ventures, has gone into administration in the UK--their equivalent of bankruptcy--after failing to obtain new funding for the company. READ MORE>>.
Today's contribution to our Insights and Opinions section, where we feature the thoughts and opinions of Southern California's technology community, is from Megan Lisa Jones , an investment banker and author. Jones talks about how companies can attract, keep, and engage employees, and what people are looking for in a job.
CallWave , once one of Southern California's heralded technology successing, is going private and voluntarily delisting its stock, putting an end to the public era of the firm's existence. CallWave debuted back in 2004, and was one of Santa Barbara's most prominent technology firms to come out of the Internet era. READ MORE>>.
Qualcomm said that review, where it was assisted by independent advisors, concluded that the current structure "best positions Qualcomm to maintain its technology leadership and product strength, so as to drive the greatest long-term stockholder value."
We all have backgrounds in technology, and it's what we understand the best. Sometimes what I say, is if brand is your moat, and you're a direct-to-consumer company, versus where you really have some technology, and you have some IP, that's the side of the spectrum we play on. That's not any one thing. We had ups and down.
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.
Los Angeles-based Rentech , a developer of clean energy and synthetic fuels technology, said this morning that it will eliminate 65 employees and contractors as its alternative energy segment, close its R&D unit in Commerce City, CO, and attempt to sell its facilities there along with land in Natchez, MS. READ MORE>>.
The exciting this, and the biggest benefit from bootstrapping this from recruiting, is I've been able to develop, and hand-pick a world class technology team. Josh Stomel: We're seeing more and more layoffs every day. We've used the profits from NeoHire for funding. Often human resources departments want plain text resumes, etc.
The time said that the firm is instead re-focusing on technology to allow users to consume content on both television and mobile phones at the same time. The report said between 25 and 30 employees, out of approximately 40, were laid off from the firm on Monday.
Amazon.com said on Wednesday that it is cutting 18,000 people from its work force, including roles in its Devices and Books business, plus People, Experience, and Technology (PXT) organization -- the latest cuts in the technology industry.
He eventually founded and sold consumer health firm ViSalus to a public company and is now back making investments, in technology companies, as a venture capitalist here at Los Angeles-based HashtagOne (www.hashtagone.com). As a result, I really saw Visalus as a technology company. I know all of that.
It's unclear what percentage of Twitter's remaining employee base is working remotely, however, during the pandemic, significant percentages of employees across technology companies scattered to remote work sites, with employees at companies even selling their homes to move to more desirable locations where they could work remote full time.
San Diego-based audio technology developer Turtle Beach said Monday that it is restructuring its HyperSound business, in a bid to lower the operating costs of that business. As part of that restructuring, the company said that investment banker Piper Jaffray is contiuing "exploration of strategic options"for that business.
Falcone said in a statement that the MiFi team was "one of the most innovative engineering teams in wireless technologies" before the company's "distracting acquisitions and the expansion into IoT hardware and modules". Inseego said it would immediately recommit to the Mi-Fi business. READ MORE>>.
LiquidStock is a fund that is geared towards employees of private technology companies, enabing them to exercise their options, cover their taxes, and use their shares for their liquidity needs, using a non-recourse structure. Tell us what you're up to now? Greg Martin: I raised a fund called LiquidStock, with three partners.
San Diego-based self-driving truck technology developer TuSimple confirmed on Wednesday that the company is cutting 25 percent of its workforce, or approximately 350 people, as part of a restructuring effort at the company.
The firm also said it has "eliminated substantial headcount" across the entire organization, focusing specifically on software development; the firm is instead looking to license technology from other vendors. Size of the cuts wer enot disclosed. READ MORE>>.
San Diego-based wireless broadband technology firm NextWave Wireless said today that it has scored a new, $100M debt financing for the firm's business, and made cuts in its staff, along with hiring an investment banker. The company said the restructuring included a reduction in workforce by over 20 percent.
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