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A widespread layoff at social games maker Zynga has hit Los Angeles, with around 55 employees being let go from the location, according to tweets from the company''s employees. It appears that Zynga is closing its entire LA operation , according to reports. zynga angeles office videogame jobs layoff scopely' READ MORE>>.
Santa Monica-based Snap , the developer of Snapchat, has reportedly paid settlements to three women who were laid off last year, according to a report today. report said the settlements came after Snap apparently eliminated only women from a number of its teams in a layoff which the lawsuits said disproportionately targeted women.
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>>.
Calabasas-based videogame developer THQ has reportedly cut 170 of its employees, according to reports Wednesday. According to reports on gaming sites, the cuts are expected to be announced along with THQ's earnings tomorrow. The report of the cuts apparently came via gaming insider Kevin Dent.
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.
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>>.
Size of the layoffs have not been announced. The layoffs, which were first reported by GameSpot, also affected Sony Online Entertainment''s Austin operations. sony online entertainment jobs employment diego mmorpg videogame development' 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 move was first reported by the U-T San Diego. Amylin Pharmaceuticals as a developer of diabetes drugs. amylin pharmaceuticals diego biotech lifescienec employee jobs layoff' 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. The move was originally reported by The Daily News. boulder electric vehicles shutdown angeles cleantech truck auto transportation layoff'
Agoura Hills-based THQ , the embattled videogame maker, is finally seeing some good news, reporting today that it is expecting to report non-GAAP net sales of $160 million to $170 million, above its previous outlook of $130 million to $150 million.
Mojave-based spacecraft developer Virgin Galactic has cut 40 employees, saying that it is looking "to position our organization for the drive to commercial operations." The cuts-- first reported by NMPolitics.net, a New Mexico publication--also affected employees in Las Cruces, New Mexico.
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. Tesla also has two other models that are waiting in the wings — the Roadster and the Tesla Semi, which are both under development.
I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. 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. I have started to publish a version of the newsletter on TechCrunch.
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.
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>>.
Wind turbine manufacturer Clipper Windpower is getting set to cut nearly 200 workers and shut its Carpinteria headquarters, according to a report from the Pacific Coast Business Times.
Santa Monica-based Mahalo , the online human-curated news and search site headed by Jason Calacanis, has cut 10 percent of its staff, according to reports. According to a report by CenterNetworks, the changes were a reaction to the search algorithm and quality changes made by Google last week.
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>>.
The problem is that this is publicly available information that can and will be scanned by journalists and reported. I’m only reporting to you that many people do in fact delay their filing and I’ve spoken with lawyers about how to do this in a way that they feel is kosher. When you file, you must be prepared.
Venice, California-based social networking app developer Snap Inc. has laid off more than 120 engineers, according to reports based on internal emails being circulated from the company, saying it had cut its "lowest performing" engineers in recent job reviews. The layoffs represent around 10 percent of Snap's engineering team.
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. At the time of the layoffs, it said it would be continuing to look for funding.
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.
Sony has cut more than 50 employees in San Diego, at its Sony San Diego Studio , which develops videogames such as Kill Strain and MLB. According to reports , the layoffs are part of a wider cut in its videogaming operations which also included workers in London. READ MORE>>.
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 READ MORE>>.
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.
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.
Costa Mesa-based artificial intelligence software developer Veritone --which is publicly traded on the NASDAQ as VERI--reported that it has received a total of $6.5M The company said the loans, from Sunwest Bank, will allow it to continue operations without salary reductions, layoffs, or furloughs.
A major supplier to Anaheim-based Fisker Automotive looks to be in severe trouble, linked to issues uncovered in March by Fisker when one of that company's automobiles failed during testing with Consumer Reports. READ MORE>>.
Calabasas-based Ixia reported this morning that the firm is cutting its staff by 75 to 80 positions, or 9 to 10 percent of its work force, as part of a restructuring initiative. Ixia is a developer of networking test software and hardware. Tags: ixia employment jobs layoff networking hardware. READ MORE>>.
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.
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. In 2017, TechCrunch reported that Whisper underwent significant layoffs to stave off collapse and put the company on a path to profitability.
The slow motion train wreck which seems to be playing out at Anaheim-based hybrid auto developer Fisker Automotive continued late Wednesday, as the car manufacturer furloughed its U.S. workforce, according to a report. Fisker has faced a string of bad news, most recently the departure of co-founder Henrik Fisker earlier this month.
Culver City-based Fourth Wall Studios , a developer of interactive content backed by LA billionaire Patrick Soon-Shiong, has laid off the majority of its staff, and stopped production, according to a report from the LA Times. The report said between 25 and 30 employees, out of approximately 40, were laid off from the firm on Monday.
Intuit , the developer of personal finance and tax software, is making major cuts in San Diego, according to a report from the San Diego Union Tribune. The report said that 134 of 226 workers company wide were from the division, with a large portion of those in San Diego.
Santa Monica-based game developer Activision Blizzard says it is slashing 8 percent of its staff, or nearly 800 employees, as a part of a restructuring effort at the company. The move comes even as Activions Blizzard reported record net revenues in 2018 of $7.50 bllion, up from the $7.02 billion it had in revenues for 2017.
Agoura Hills-based video game maker THQ said late Wednesday that it is cutting 250 employees, or 17% of its staff, after reporting disappointing results. The firm said it is cancelling several titles under development, closing five studios, and reducing approximately 250 people and streamlining its corporate organization.
—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. . —The Nobel in Chemistry went to three scientists, in France, the Netherlands, and the U.S.,
If you want fireworks this weekend, you can either celebrate the 4th of July or watch the latest post-Brexit political developments in Britain. But as Xconomy reported, details about the reorganization were scant, leaving open questions whether drug regulation actually needs to move faster.
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. The Xconversation: Vaccine Developer Meets Energy Innovator. Time to look back on the past six months—and some of the top stories of the year so far.
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 —Enough good trial news. million in funding, according to a regulatory filing. . —With $1.25
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