Acquisition Develop Layoffs 
socalTECH
OCTOBER 14, 2015
In a blow to the biopharmaceuticals industry along the 101 corridor, Westlake Village-based aesthetic medicine developer Kythera Biopharmaceuticals disclosed on Tuesday that it is laying off 117 of its employees , just days after the consummation of a deal to be acquired by Allergan.
socalTECH
MARCH 14, 2014
Aliso Viejo-based network hardware developer QLogic said late Thursday that it has completed its acquisition of the 10/40/100Gb Ethernet controller assets from Broadcom , as well as cut staff as part of a restructuring effort related to the move. The acquisition deal had been announced in February. READ MORE>>.
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socalTECH
APRIL 5, 2013
However, it looks like the acquisition of San Diego''s Amylin Pharmaceuticals by Bristol-Myers Squibb is turning out not-so-great for employees in the location, after news that Bristol-Myers Squibb plans to close its San Diego operations , resulting in the loss of hundreds of jobs. Amylin Pharmaceuticals as a developer of diabetes drugs.
socalTECH
JANUARY 14, 2010
Calabasas-based Ixia , a developer of network testing tools and software, is reporting this morning that it has implemented a "cost reduction initiative" and cut 80 positions from the firm, in what it said was primarily an elimination of duplicate resources from the company's October acquisition of Agilent's N2X product line.
socalTECH
JANUARY 16, 2012
Rumors have been swirling around Agoura Hills-based THQ since this weekend, when a gaming industry analyst, Peter Skerritt, reported that the videogame maker was either looking for a buyer or shutting down its videogame development efforts, cancelling its 2014 lineup. as part of an "ongoing review" of its business. READ MORE>>.
Both Sides of the Table
NOVEMBER 29, 2009
He had 2 weeks’ cash left in the bank and was facing massive layoffs or potentially bankruptcy. Our call recovered and we spent the rest of the time talking about the development of their management team and their product. We plan to continue to use PR as an ongoing part of our customer acquisition strategy.&#.
socalTECH
MARCH 17, 2017
Simi Valley-based Qualstar , the developer of data storage and high efficiency power supplies, says it continues to look at "strategic options" for the business, as it reported yet another quarter of declining revenues. According to Qualstar, it had a loss of $0.4 million on revenues of $2.2M for the quarter ended December 31, 2016.
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