socalTECH

FEBRUARY 28, 2014

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. The move is part of a one-two-three punch to the San Diego technology community, as two Vista Equity-owned technology companies have been moved to Texas in as many weeks.

San Diego 170

San Diego Layoffs Equity Activity 170

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>>.

Layoffs 149

Layoffs Acquisition Networking Activity 149

socalTECH

APRIL 19, 2013

It all looked good at the time: oil company Exxon needed to develop a more earth-friendly way to produce oil, and San Diego startup Synthetic Genomics needed funding to get its technology off the ground. But then, ExxonMobil cut back its original investment--worth up to $600M--in Synthetic Genomics. What happened? READ MORE>>.

Layoffs 159

Layoffs Outsource Development San Diego Mobile 159

TechCrunch LA

APRIL 24, 2020

The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. Divergent 3D made Blade — which was on the auto show circuit in 2016 — to demonstrate the technology platform. Founder and CEO Kevin Czinger didn’t provide specific numbers.

Startup 251

Startup Technical Review Outsource Development Platform 251

socalTECH

MAY 23, 2012

Heavily backed, concentrating solar photovoltaic technology developer Amonix , which is based in Seal Beach, is set to lay off 76 workers across its offices in California, according to regulatory filings with the state. Amonix is heavily backed by Kleiner Perkins, Westly Group, and Angeleno Group, raising a huge, $129.4M round in 2010.

Layoffs 133

Layoffs Technical Review Funding Technology 133

socalTECH

DECEMBER 11, 2009

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>>.

Layoffs 133

Layoffs Technical Review San Diego Report 133

socalTECH

MAY 13, 2010

Storage hardware developer Adaptec is shutting down its Lake Forest, Orange County site, according to sources close to the company. Adaptec moved into Lake Forest in August of 2008, when it acquired Aristos Logic , a developer of RAID chips and technology. Tags: adaptec jobs layoff employment orange county lake forest.

Orange County 154

Orange County Sites Layoffs Patents 154

Southern California Edison Blog

NOVEMBER 3, 2021

If customers experience slow speeds or unreliable connectivity, they may look for another provider, so carriers need to make sure their networks have sufficient capacity to support 5G and other internet-intensive technologies. . Strategies for Carrier Success in the Post-COVID Environment. Offer Greater Service Flexibility.

Networking 98

Networking Layoffs Customer Custom 98

socalTECH

MARCH 31, 2009

San Diego-based Quidel , a developer of diagnostic tests for the healthcare industry, said Tuesday that it has cut approximately 10 percent of its work force, or 31 employees, in a corporate restructuring. Tags: quidel diagnostic lifescience healthcare layoff jobs employment.

Chief Technology Officer 133

Chief Technology Officer Layoffs San Diego Technology 133

socalTECH

NOVEMBER 19, 2009

The firm said in a statement that the firm's vehicle development has "outpaced the rate of fundraising" at the firm, and it is now adjusting its production schedule to "align with financing realities." Tags: aptera venture capital layoff employment jobs electric green automobile auto. Aptera is venture backed by Google and Idealab.

Layoffs 145

Layoffs Idealab Venture Capital Google 145

socalTECH

DECEMBER 22, 2022

San Diego-based self-driving truck technology developer TuSimple confirmed on Wednesday that the company is cutting 25 percent of its workforce, or approximately 350 people, as part of a restructuring effort at the company. The company said it will have approximately 1,100 employees after the cuts.

San Diego 100

San Diego Research Software Technology 100

Startup Professionals Musings

AUGUST 7, 2020

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. Get outside the company regularly to get feedback on future customer needs, emerging technologies, and the views of influencers and experts in the field.

Technical Review 124

Technical Review Layoffs Social Media Metrics 124

Xconomy

OCTOBER 7, 2016

military’s high-tech think tank DARPA described Safe Genes, a new program to fund safety measures that can be built into genome editing technology or counter its potential wayward effects. —The 2016 Nobel Prize for Physiology or Medicine went to Yoshinori Ohsumi of the Tokyo Institute of Technology. . —The U.S.

Technical Review 77

Technical Review Study Layoffs San Diego 77

Startup Professionals Musings

JULY 7, 2019

Then look ahead to assess the likelihood that your job could be eliminated with new technology, artificial intelligence, or robots. Don’t wait for your next company layoff to get you started. This may seem scary, but it’s the reality, and what every entrepreneur has to do at every stage of survival and success.

Artificial Inteligence 96

Artificial Inteligence Startup Social Media Training 96

socalTECH

SEPTEMBER 27, 2016

San Diego-based audio technology developer Turtle Beach said Monday that it is restructuring its HyperSound business, in a bid to lower the operating costs of that business. Turtle Beach is a developer of gaming headsets for the Xbox One, PlayStation 4, and other platforms. READ MORE>>.

San Diego 100

San Diego Platform Invest Technology 100

socalTECH

FEBRUARY 28, 2013

Los Angeles-based Rentech , a developer of clean energy and synthetic fuels technology, said this morning that it will eliminate 65 employees and contractors as its alternative energy segment, close its R&D unit in Commerce City, CO, and attempt to sell its facilities there along with land in Natchez, MS. READ MORE>>.

Commerce 133

Commerce Los Angeles Technology Angel 133

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. Tags: Entrepreneur Advice Raising Venture Capital Startup Advice startup technology vc.

Venture Capital 291

Venture Capital Press News Startup 291

socalTECH

NOVEMBER 29, 2012

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.

Culver City 138

Culver City Product Content Report 138

Xconomy

JULY 1, 2016

Jeff Buchanan goes deep with a special series on doctors-turned-entrepreneurs in health IT and other medical technologies. Layoffs Reflect New Turbulence at High-Flying 3D Robotics. The Xconversation: Vaccine Developer Meets Energy Innovator. Fred Lee, the University of Wisconsin Radiologist With Startup Vision.

Artificial Inteligence 40

Artificial Inteligence Layoffs Report Startup 40

socalTECH

AUGUST 2, 2011

Los Angeles-based CyberDefender , the developer of Internet security software and remote technical support, said Tuesday that Chairman and CEO Gary Guseinov has resigned. As part of the shuffle, the firm said it will focus on its LiveTech service offering, and discontinue development of proprietary software intended for sale to consumers.

Technical Support 100

Technical Support Software Software Development Los Angeles 100

Both Sides of the Table

SEPTEMBER 15, 2010

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!!!)

Invest 284

Invest Angel Venture Capital Startup 284

socalTECH

NOVEMBER 25, 2008

Aliso Viejo-based High Tower Software, a venture-backed developer of security, compliance, and log management software, has shut down. A spokesperson at the firm told socalTECH that the shutdown occurred yesterday, and that the firm is now in the process of looking for buyers of its technology.

Software 124

Software Tech Coast Angels SoCalTech Funding 124

socalTECH

JANUARY 15, 2009

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. Josh Stomel: We're seeing more and more layoffs every day. We've used the profits from NeoHire for funding.

Startup 140

Startup Yahoo Sites Oversee.net 140

socalTECH

SEPTEMBER 18, 2008

San Diego-based wireless broadband technology firm NextWave Wireless said today that it has scored a new, $100M debt financing for the firm's business, and made cuts in its staff, along with hiring an investment banker. The company said the restructuring included a reduction in workforce by over 20 percent. READ MORE>>

San Diego 100

San Diego Invest Sales Funding 100

Xconomy

JULY 15, 2016

All eyes are on Holmes, who is scheduled to present data from the company’s technology at a medical conference on August 1. million Series A to develop a drug, licensed from Columbia University, for the brain cancer glioblastoma… Lyndra , a Cambridge startup working on oral drug delivery technology, has received $5.4

News 40

News Technical Review San Diego Startup 40

socalTECH

JUNE 8, 2017

San Diego-based Inseego , the developer of the MiFi wireless hotspots, has aborted its plans to sell off its MiFi division to Chinese company TCL Industries Holdings (H.K.) Limited , and has embarked on a massive restructuring of the company. Inseego said it would immediately recommit to the Mi-Fi business. READ MORE>>.

Sales 113

Sales Technical Review San Diego Acquisition 113

Xconomy

JULY 1, 2016

If you want fireworks this weekend, you can either celebrate the 4th of July or watch the latest post-Brexit political developments in Britain. The technology was funded by the Department of Defense and comes from MIT’s Lincoln Lab. If you want a roundup of the week’s biotech’s news, read on.

Buzzfeed 59

Buzzfeed News Pricing IBM 59