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It looks like Southern California's emerging electric automobile industry has definitively hit the skids, as Santa Monica-based electric auto developer Coda Automotive laid off 50 employees Tuesday. The layoffs--first reported by PlugInCars--apprently included a "substantial part" of its sales and marketing staff.
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 announcement Monday that Zynga is cutting 18 percent of its workforce is throwing a lot of talent onto the market, to the benefit of the company''s competitors. SGN put out a list of hires today from Zynga''s FarmVille and other teams, saying that it has been snapping up a number of Zynga''s best developers. READ MORE>>.
San Diego-based La Jolla Pharmaceuticals , the failed biopharmaceuticals firm which was previously developing treating lupus renal disease, reported today that it has received notification from the Nasdaq that it will be delisted from the market as of Thursday.
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. According to RealD, the cuts include the elimination of certain sales and marketing and research and development expenditures. READ MORE>>.
Boulder Electric Vehicles , a startup developing electric powered has shut down its production facility in Chatsworth, as the company looks for a buyer. Boulder Electric Vehicles had been developing medium- and light-duty electric trucks, aimed at the corporate and municial market READ MORE>>.
San Diego-based cybersecurity developer Websense announced Friday that it is officially moving its headquarters to Austin, Texas, and moving 470 jobs to the city. websense jobs employment texas layoff' READ MORE>>.
The firm said it retains 93 full time equivalent employees at the company, including 57 in sales and marketing; the firm is now hoping the FDA will provide action on its NDA sometime this summer. zogenix pharmaceutical lifescience jobs employment layoff disorder drug development' READ MORE>>.
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>>.
There were, of course, those who used the opportunity to make a marketing push or pitch a story. I will repeat my appeal from last week: Maybe you’re a startup founder, a safety driver at an autonomous vehicle developer, a venture capitalist, engineer or gig economy worker. ” Layoffs in a time of COVID-19.
Agoura-based THQ said Thursday that it is chopping 240 jobs as part of a "realignment" of its organization, as it exits the kids licensed video game market. The layoffs come after the firm missed Wall Street estimates, with revenues of $404.4M. THQ also cut the salary of President and CEO, Brian J.
XCOR had been one of a number of companies in Southern California pursuing the commercial space market. The bankruptcy follows a layoff of all of the company's employees in July , when it said it was unable to raise money to further fund its spacecraft development efforts.
Battered videogame developer THQ , which has been suffering from a downturn in its business, said today that it is planning a 1-for-10 reverse stock split, in order to raise its per share trading price so that it will regain compliance with a $1.00 per share, minimum bid price required by the NASDAQ Global Select Market.
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.
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. Blippar said it expects a court appointed administrator to find a buyer for all or parts of the business.
Agoura Hills-based THQ , a developer and publisher of video games, said Wednesday that it is making "additional cost reduction actions" which includes the layoff of approximately 600 people, or 24 percent of the company's workforce. THQ said the move was a response to the continuing uncertainty in the market. READ MORE>>.
I’d rather be Roger Ehrenberg with a thesis around data-centric companies and base my investment decisions on the skills I’ve developed in my career. 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!!!) Obviously I agree.
If you believe you have a market-leading position in your product space I would worry a bit less about it. The problem with “bundling” other news stories is that you then lose the ability to market those the press outlets in their own right. For starters, once you announce your competitors instantly will start tracking you.
San Diego-based Entropic Communications , a manufacturer of semiconductors for the home entertainment market, said in a filing with the SEC Tuesday that the firm is cutting approximately 55 of its employees, or 18 percent of its workforce. Tags: employment jobs layoff diego entropic sandiego semiconductor. READ MORE>>.
Irvine-based Cortex Pharmaceuticals , a developer of biopharmaceuticals for treating psychiatric disorders, neurological diseases and brain-mediated breathing disorders, said Thursday that it has cut half of its staff as part of a restructuring. Tags: employment layoff cortex pharmaceuticals psychiatric lifescience.
I work hard to create working relationships with my fellow non-management board members in the same way that every investor ultimately works to develop strong working relationships with founders. this requires a strong knowledge of market data, employee performance, company performance relative to market and available resources?—?cash
El Segundo-based International Rectifier , a developer of analog and power ICs, said Wednesday that it is shutting its El Segundo, California fabrication facility, and laying off staff. The firm blamed weak demand in its markets for the move, which came after it its results showed a 15 percent decrease in year-to-year, fourth quarter results.
That keeps people from pushing themselves to develop the kind of new solutions that will permanently change the business for the better, versus short-term band-aids. Strategic threats, including new competitors, market changes, and environmental issues need deeper analysis and full resolution, before they jeopardize your business survival.
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. It was developed from a different angle. ResumeBucket hits the market with the idea and premise that simpler is better. We've used the profits from NeoHire for funding.
San Diego-based Somaxon Pharmaceuticals , a developer of sleep medication, said today that it has cut 60 percent of its non-field based employees, and has hired a financial advisor to help sell the company. The firm said it has hired Stifel Nicolaus Weisel to help in "strategic alternatives", and cut its staff to minimize its cash burn rate.
THQ detailed the sale Wednesday night, saying the company's estate will receive approximately $72M in total through the sales of its owned studios and games in development. Bankruptcy Court has granted a motion to approve a sale of the majority of THQ's assets to multiple buyers.
Machinima first started developing its gaming-related content back around 2008, and helped usher in a healthy investment market for multi-channel-networks, companies which aggregated multiple YouTube creators and channels into a single media company. Machinima had been acquired by Warner Bros. READ MORE>>.
Market your business expertise. In today’s gig economy, your professional reputation, references, and your ability to market yourself are the keys to success. Don’t wait for your next company layoff to get you started. Don’t let Facebook party pictures be the only way people see you when looking for a professional.
San Diego-based residential solar power installer OneRoof Energy said late Friday that it has "significantlyr educed" its work force, and has begun winding down its operations, after it said it was unable to secure financing necessary to continue sales, marketing, and development.
In a related move, the company said that it has engaged the services of Lazard to help the firm develop and implements its business divsestiture strategy. NextWave was originally a buyer of government radio spectrum, but instead went on to develop semiconductors for the wireless market. READ MORE>>
I’ve already covered some such as changing geographies, going through layoffs, changing career direction, etc. It means you have to be good at marketing yourself to find new work. He talks about why he’s not bothered about job hoppers when it comes to hiring developers. Of course there are.
The company began a Phase 1 trial last year for an irritable bowel disease treatment…Gene therapy developer Audentes Therapeutics said it would try for a $75 million IPO …Scarsdale, NY-based Sapience Therapeutics raised a $22.5 million in funding, according to a regulatory filing. . —In other Merck news, U.K.-based
If you want fireworks this weekend, you can either celebrate the 4th of July or watch the latest post-Brexit political developments in Britain. Traded on the London Stock Exchange, its shares held steady while the market went haywire, then climbed all week through Thursday’s close. It is the target of a hostile bid from Sanofi.
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