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The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

TechCrunch LA

Please reach out and email me at kirsten.korosec@techcrunch.com to share thoughts, opinions or tips or send a direct message to @kirstenkorosec. ” Layoffs in a time of COVID-19. As of April 4, the site had calculated 126 startups had laid off more than 10,000 people since March 11. The company said T.

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Report: Veoh Planning Major Layoffs

socalTECH

San Diego- and Los Angeles-based online video site Veoh is reportedly in the midst of a "major restructuring," according to a report from VentureBeat. Quoting a "source close to the company" VentureBeat said that the layoffs would be "drastic." Tags: veoh layoff jobs video content. READ MORE>>.

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Source: Adaptec Shutting Down Lake Forest Site

socalTECH

Storage hardware developer Adaptec is shutting down its Lake Forest, Orange County site, according to sources close to the company. No details on the shutdown have been given, and Adaptec has not returned emails and phone calls requesting confirmation of the move.

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Rumor: Cooking.com Slashes Staff, Seeks Buyer

socalTECH

The anonymous tipster said that an interim management team is now seeing to sell the company after a severe layoff by its investors. READ MORE>>.

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BetterWorks Shutting Down On May 31st

socalTECH

In what is a huge blow to Silicon Beach, Santa Monica-based BetterWorks , the software-and-technology-meets-employee-perks startup run by Paige Craig, told its users today that it is sunsetting its site on May 31st.

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Mahalo Chops Headcount, Says Report

socalTECH

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. Citing an email sent to Mahalo's "Guides", who develop content for Mahalo, the report said that, so far, the Google changes have led to a "significant dip" in traffic and revenues.

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Adam Scott | ScoreBig, Startups, and LA Tech

Tech Zulu Event

You got flash sales and group sales sites coming to us and basically have the same general business idea: shoot out a couple million emails to potential customers, saying they have tickets that are on sale. I had to close the doors of businesses and layoff people. You want to give yourself every single opportunity to succeed.

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