socalTECH

OCTOBER 25, 2013

Los Angeles-based Demand Media has juts cut fifteen members of the company''s research and development unit, according to a report from Variety. According to the report , the cuts included Chief Innovation Officer Byron Reese, and were a result of the abrupt resignation of CEO Richard Rosenblatt last week. READ MORE>>.

Demand 153

Demand Media Report Layoffs 153

socalTECH

MAY 17, 2012

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. 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.

Layoffs 187

Layoffs Santa Monica Acquisition Report 187

socalTECH

FEBRUARY 26, 2009

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.

Report 124

Report Layoffs Hollywood Entertainment 124

socalTECH

SEPTEMBER 5, 2014

Los Angeles-based Nasty Gal , the online women''s wear retailer led by Sophia Amoruso, has reportedly laid off 10 percent of its staff, or over 20 employees, according to fashion industry reports. Nasty Gal said in a statement that the moves are part of a move to "strategically re-organize" its business. READ MORE>>.

Layoffs 138

Layoffs Report Los Angeles Organization 138

socalTECH

DECEMBER 15, 2012

High flying, YouTube network Machinima has laid off 10 percent of its staff, as part of a reorganization, according to reports Friday evening. News of the layoffs first trickled out via Twitter from many of the firm's former employees.

Layoffs 159

Layoffs News Content Los Angeles 159

socalTECH

MARCH 20, 2019

Los Angeles-based electric car maker Faraday Future , in a bid to stay afloat, has sold off its headquarters to a real estate investor, according to a report on Wednesday. The report says Faraday Future is leasing back the headquarters, which it sold to real estate investor Atlas Capital, for around $10M. READ MORE>>.

Report 113

Report Layoffs Los Angeles Capital 113

socalTECH

OCTOBER 30, 2018

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.

Design 113

Design Report Layoffs Los Angeles 113

TechCrunch LA

MARCH 3, 2019

Tesla will pull back the curtains and unveil its Model Y crossover vehicle at an event in Los Angeles on March 14th, according to a tweet from chief executive Elon Musk. The stores that remain, in high-traffic locations, will be turned into information centers, Musk said on a call with reporters. There will be some layoffs as a result.

Design 272

Design Layoffs Pricing Los Angeles 272

socalTECH

SEPTEMBER 15, 2014

The move was originally reported by The Daily News. The DailY News reports that the family laid off around 50 people at the Chatsworth plant as a result of the shutdown, as the company has "mothballed" its operations. boulder electric vehicles shutdown angeles cleantech truck auto transportation layoff'

Chatsworth 138

Chatsworth Layoffs News Report 138

socalTECH

MARCH 1, 2019

A new report says that there are now a total of 11 lawsuits filed against troubled Los Angeles-based electric car maker Faraday Future , as it struggles to restart its operations after massive layoffs after its main investor, Evergrande Health, pulled its support from the firm.

Report 113

Report Layoffs Los Angeles Funding 113

TechCrunch LA

JANUARY 26, 2022

“[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. The tech team layoffs are notable for a beauty retailer that has often described itself as a technology company.

CTO Hire 197

CTO Hire Layoffs Commerce Email 197

TechCrunch LA

APRIL 6, 2020

I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. As part of the program, up to 30-minute rides will be free for members of critical workforces through April 30 in Austin, Denver, Los Angeles, the Washington D.C. Ride Report creates software that enables cities to work with micromobility operators.

Layoffs 136

Layoffs Startup Newsletter Santa Monica 136

socalTECH

OCTOBER 12, 2016

Los Angeles-based fashion website NastyGal is apparently in the midst of a "cram down" round--a round where the current shareholders in a company essentially reset the equity structure of a company that usually forces non-participating investors to lose most, if not all of their stake in the company. READ MORE>>.

Report 100

Report Layoffs Equity Los Angeles 100

socalTECH

JULY 30, 2012

Los Angeles-based digital media publisher BUZZMEDIA is wasting no time reshaping SPIN Magazine , the venerable music and culture publication it acquired earlier this month, and is reportedly already cleaning house.

Layoffs 124

Layoffs Entertainment Report Los Angeles 124

socalTECH

MAY 7, 2009

Los Angeles-based 60Frames , an online entertainment studio developing professionally produced, online content, has reportedly shut down , according to The Hollywood Reporter. Tags: 60frames online entertainment content hollywood studio layoff shutdown. 60Frames had raised $3.5M 60Frames had raised $3.5M READ MORE>>.

Layoffs 113

Layoffs Hollywood Entertainment Incubator 113

Both Sides of the Table

JANUARY 26, 2013

If you’re a very early stage startup that just raised your first angel money it is very possible that the funding announcement will be your first big tech news. The problem is that this is publicly available information that can and will be scanned by journalists and reported. When you file, you must be prepared. Funding is news.

Startup 355

Startup Funding News Press 355

socalTECH

NOVEMBER 6, 2008

Los Angeles- and San Diego-based Veoh (www.veoh.com), an online video sharing site, has laid off 20 people, or roughly 18-20 percent of the firm's employees. The layoffs occurred yesterday, when employees were notified of the move. The firm continues to have operations in Los Angeles and San Diego. READ MORE>>

Veoh 124

Veoh Layoffs San Diego SoCalTech 124

socalTECH

MARCH 17, 2021

Los Angeles-based videogame developer Activision-Blizzard has reportedly laid off around 190 employees, or 2 percent of its workforce, according to a report from Bloomberg. The cuts also include a large cut, of 50 employees, from Activision's esports division, according to that report.

Activision 113

Activision Report Los Angeles Angel 113

socalTECH

MARCH 14, 2019

Santa Monica-based scooter rental service Bird has laid off approximately 5% of its full-time staff, according to a report on Thursday, in what has been attributed to an effort to "contain costs". The report said 40 people were laid off.

Report 124

Report Santa Monica Los Angeles Platform 124

socalTECH

FEBRUARY 23, 2015

Los Angeles-based YouTube network Machinima revealed last week that it has raised $24M in a funding round from Warner Bros., According to reports from the Hollywood Reporter, Machinima cut 14 percent of its staff on Friday, immediately following the announcement of the new funding round from its backers. READ MORE>>.

Layoffs 100

Layoffs Redpoint Hollywood Report 100

socalTECH

OCTOBER 8, 2018

Los Angeles-based electric car maker Faraday Future is facing new financial woes this morning, after the Chinese company which bailed out the company at the end of 2017 filed notice that it would seek to terminate a deal to invest a total of $2 billion into Faraday Future, reached last year. READ MORE>>.

Layoffs 113

Layoffs Los Angeles Invest Report 113

socalTECH

JUNE 23, 2009

Los Angeles-based MySpace reported this morning that the firm intends to restructure the firm's international operations, and will cut 300 employees from the division. Tags: international layoff jobs employment myspace. READ MORE>>.

Layoffs 100

Layoffs Los Angeles Report Marketing 100

Tech.Co

OCTOBER 31, 2022

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.

Layoffs 126

Layoffs Report Tool Software 126

TechCrunch LA

OCTOBER 19, 2019

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.

Social Network 153

Social Network Los Angeles Social Media Blogging 153

socalTECH

FEBRUARY 12, 2009

For our Insights & Opinions section today, John McKee, a Los Angeles resident and former executive at DirecTV, and currently an author and business coach, gives seven tips to the currently unemployed on how to persevere through - and even make the most of - this difficult time. Tags: jobs employment layoff opinions insights.

Tips 100

Tips Help Layoffs Coach 100

socalTECH

MARCH 5, 2009

Los Angeles-based ManiaTV has shut its doors, after failing to find a buyer, according to the firm. A report in MediaWeek quoted a source saying that the shutdown came because Comerica bank pulled the firm's line of credit, in light of a "rapidly declining" ad business.

Layoffs 100

Layoffs SoCalTech Content Web 100

socalTECH

SEPTEMBER 29, 2011

Irvine-based Specific Media has cut a small amount of its staff, as it continues to absorb its buy of Los Angeles-based MySpace. Specific Media would not confirm the exact extent of its cuts, but reports say the cuts were less than 8 percent of the firm.

Media 150

Media Los Angeles Report Sales 150

socalTECH

DECEMBER 8, 2016

Los Angeles-based Honest Company , the online provider of eco-friendly baby, personal care, and other household goods led by Brian Lee and co-founded by Jessica Alba, has quietly let go of 80 employees --or nearly 14% of the company--in what the company has billed as a "growth positioning". The report was first detailed by WWD.

Company 100

Company Companies Report Los Angeles 100

socalTECH

JANUARY 13, 2023

Singapore-based Crypto.com--the cryptocurrency company which owns the naming rights to the Crypto.com Arena in Los Angeles--has cut 20 percent of its staff, citing "economic headwinds" and "unforeseeable" events in the crypto industry. reportedly impacted more than 2,000 people. Crypto.com blamed the collapse of FTX.

Los Angeles 100

Los Angeles Report Angel Company 100

socalTECH

JULY 18, 2012

Seal Beach-based photovoltaic power firm Amonix has shut its Las Vegas factory, according to a report from the Los Angeles Review-Journal, some further bad news for the heavily backed solar panel manufacturer. The firm has had a series of layoffs since then. Amonix--which had raised $129.4M

Report 124

Report Layoffs Journal News 124

socalTECH

JANUARY 30, 2009

For more on the economy, Janine Davis, a guest contributor and recruiter in Los Angeles, talks about The State of Technical Recruiting in Los Angeles in our Insights and Opinions section. Andrew Warner of Mixergy also digs into the Dot Com archives for some advice on what you can learn from the (last) Internet Bubble.

Southern California 100

Southern California Layoffs Mixergy News 100

TechCrunch LA

JUNE 18, 2022

Last week, we talked about layoffs and the Winklevoss rock gods. I shared my two cents/two Satoshis on the matter on Los Angeles public radio this week ( check it out ), but I want to use this space to highlight some thoughts I have after hearing from folks in the industry at Consensus. Welcome back to Chain Reaction. crash redux.

Newsletter 278

Newsletter Platform Capital Marketing 278

Xconomy

JULY 15, 2016

Layoffs will hit two New Jersey sites and one in Pennsylvania, resulting in a loss of less than 10 percent of its “discovery, preclinical and early development” staff, a spokeswoman said via e-mail. —Enough good trial news. —In other Merck news, U.K.

News 40

News Technical Review San Diego Startup 40