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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. Now it appears that the firm is looking to pivot its model, and looking to figure out a better customer acquisition model. READ MORE>>.
Los Angeles-based ManiaTV has reportedly laid off 15 of the firm's 33 employees, according to a report in The Deal, as the firm prepares to sell the company. Tags: employment merger layoff hollywood content acquisition entertainment maniatv. The Deal said Revision3 is rumored to be a possible buyer for the firm.
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.
The cuts were first reported by Variety. maker studios disney merger acquisition jobs employment layoff content hollywood' Maker Studios , the online YouTube content network which was recently acquired by Walt Disney , is cutting approximately 10 percent of its staff. Maker Studios employs around 380 people. READ MORE>>.
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. The move was first reported by the U-T San Diego.
GoPro announced layoffs and cost-cutting as the camera and software company exits the drone business; video doorbell maker Ring has acquired light maker Mr. Beams; and the founder of dating app Grindr is stepping down following the company’s acquisition by a Hong Kong-based mobile gaming company.
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.
The report today, from PandoDaily, follows an earlier report from the fashion industry which said that NastyGal was seeking a buyer for the company. NastyGal--founded by Sophia Amorusa--had been facing some major headwinds over the last few years, which had resulted in Amorusa resigning as CEO and layoffs at the company.
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>>.
Billboard magazine reports that BUZZMEDIA has already begun layoffs at the magazine, which is expected to halt print publication with its September/October issue.
Santa Barbara-based Sonos , which makes user-friendly, whole home music systems and speakers, has laid off 96 employees, according to multiple reports from Santa Barbara media on Friday. Deails on the layoffs have not been announced by the company, nor reason for the cuts. READ MORE>>.
Motorola annual financial report is here. Google will however feel the layoffs. Motorola Mobility with its more than 17,000 patents and the 2004 RAZR in 2004 and the Droid and RAZR MAXX successes at acquisition was not a loss to Google. The post Google Confirms Motorola Mobility 4000 Layoffs appeared first on TechZulu.
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. The company reported a net loss of $1.2 According to Qualstar, it had a loss of $0.4 million on revenues of $2.2M
Machinima , which had been the poster child for Southern California's multi-channel-network (MCN) boom, has laid off most of its employees and ceased its operations , according to reports. in 2016, in a deal then reported as worth less than $100M. Machinima had been acquired by Warner Bros.
Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. It echoes the same message from Kik’s chief executive Tim Livingston last week when he rebuffed earlier reports that the company would shut down amid an ongoing battle with the U.S.
The report--from Bloomberg--said that the new rules kick in immediately. In more continuing turmoil at Twitter, new owner Elon Musk is reportedly ending the ability to work remotely at the social media company, and is demanding employees put in "at least" 40 hours in person at the office each week.
Santa Monica-based on-demand scooter company Bird has shut down its operations in the Middle East, according to reports, shutting down Circ, which it had acquired in January, and laid off all of its employees. According to those reports, as many as 10,000 of Circ's scooters have been sent for recycling, and around 100 employees laid off.
Santa Monica-based Demand Media is continuing to see a steep drop in revenues from its content and media efforts, reporting Thursday afternoon that it had $15.9M The company reported a total, Q3 revenue of $28.5M. in revenues from its Content & Media segments, compared with $33.6M in the same quarter in 2014. in revenues.
Layoffs Reflect New Turbulence at High-Flying 3D Robotics. Frank Vinluan reports from North Carolina on a new effort to boost agtech startups and university research. Jeff Engel maps out New England’s cluster of cybersecurity companies—one of the region’s strengths (and a rich source of acquisition targets).
—The Institute for Clinical and Economic Review (ICER), whose drug-value analyses set the pharma industry’s teeth on edge , issued a new report on PD-1 inhibitors , part of the first wave of cancer immunotherapy drugs to be approved. Territorial Acquisitions” by Joaquin Martinez via Creative Commons. PRICE FIGHTS.
But as Xconomy reported, details about the reorganization were scant, leaving open questions whether drug regulation actually needs to move faster. —Buzzfeed ran a lengthy report Wednesday on the sexual harassment charges against University of Washington vaccine researcher Michael Katze.
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