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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.
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.
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.
It's unclear why there's been such a recent increase in layoffs in the area, which over the last year or two has been booming, with companies struggling to find staff among an upsurge in startups and technology growth. The cuts come on the heels of cuts at BeachMint, ShoeDazzle, and Cooking.com. READ MORE>>.
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.
The cuts, which amount to around one-third of Glossier’s corporate workforce, will primarily impact the company’s technology team. “[W]e W]e are shifting our technology strategy to leverage external partners for parts of our platform that we’re currently maintaining internally,” Weiss wrote in the email announcing the layoffs to staff.
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>>.
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.
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>>.
Two existing investors, Millennium Technology Value Partners and DSC Investment, also participated in the round. ” Layoffs in a time of COVID-19. If so, go check out Layoffs.fyi, the site doesn’t just list layoffs. Enovix, which has developed a silicon-based lithium-ion battery, has raised $45 million in new funds.
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>>.
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.
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>>.
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.
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.
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.
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.
He had 2 weeks’ cash left in the bank and was facing massive layoffs or potentially bankruptcy. Tags: Entrepreneur Advice Raising Venture Capital Startup Advice startup technology vc. A good friend of mine was features on the front cover of the LA Times business section with a glowing article. Strike one up for subtlety.
A huge number of tech companies have made layoffs in 2022 , whilst others have taken advantage of video conferencing software and other remote collaboration tools to offer flexible working arrangements and retain the best talent. Survey Says: Go Your Own Way. Challenges for New Businesses.
1 priority was to ensure long-term financial stability and secure the core team, technology development and customer programs no matter what the scenario, Czinger said, adding that there is still enormous uncertainty surrounding the real impact and duration of the COVID-19 pandemic. The company’s No. Image Credits: Czinger Vehicles.
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.
She describes a new generation of entrepreneurs that is highly collaborative, quick and alert when it comes to new technologies, and hell-bent on changing the world in general. Past layoffs at big companies usually means more great employees on the market now for newer companies. Snap up top talent. Look for hidden sources of revenue.
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.
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!!!) But VC is also a very important part of the technology ecosystem – like it or not. There has been a preponderance of early-stage deals that have seen quick exits.
Overnight, just about every company went into a hiring freeze and massive layoffs dominated the news. The glue that holds the company together is technology and our unconventional culture. In just over eighteen months, we were on track to double in size. Then along came September 11th. Not a good time to be in the recruitment business.
To secure the financing, Faraday said it had its intellectual property and technology valued — they are apparently worth $1.25 The company has yet to enter mass production five years after its launch, mainly as a result of a series of financial issues that have ended in layoffs, unpaid wages, furloughs, property selloffs and much more.
It might be a VP of Sales, Marketing or Technology. Trust me, if they were doing layoffs they wouldn’t keep you an extra month just to be nice. (also, please remember my disclaimer – I’m not a lawyer). You just made an offer to a new employee to join your company. The reality is the same. Tomorrow if possible.
Now some never see the people they support, but are experts on the technology involved. Whether you are in manufacturing or software, you need experienced writers who can document your latest technology, write patents, and efficiently manage the multitude of data formats required by printing companies and advertisers. Marty Zwilling.
We use gestures or our voice to control our engagement with our technology. It won’t be long before another round of layoffs comes, and these new tools will create new jobs to fill the gap. None of this could be mined successfully in the past generation of technology. We take courses on-line. We are learning to use new tools.
Now some never see the people they support, but are experts on the technology involved. Whether you are in manufacturing or software, you need experienced writers who can document your latest technology, write patents, and efficiently manage the multitude of data formats required by printing companies and advertisers.
If customers experience slow speeds or unreliable connectivity, they may look for another provider, so carriers need to make sure their networks have sufficient capacity to support 5G and other internet-intensive technologies. . Strategies for Carrier Success in the Post-COVID Environment. Offer Greater Service Flexibility.
She describes a new generation of entrepreneurs that is highly collaborative, quick and alert when it comes to new technologies, and hell-bent on changing the world in general. Past layoffs at big companies usually means more great employees on the market now for newer companies. Snap up top talent. Look for hidden sources of revenue.
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