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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.
The layoffs--first reported by PlugInCars--apprently included a "substantial part" of its sales and marketing staff. The layoffs impact approximately 15 percent of Coda's workforce. The layoffs apparently come as the company has sold less than 100 of its automobiles since launching in March, according to the report.
In a major Los Angeles area layoff, daily deals and offers service LivingSocial is closing a sales facility in Torrance, and cutting 400 employees throughout the company, as part of a restructuring. livingsocial torrance layoff jobs employment daily deals restructuring marketing' READ MORE>>.
Bankruptcy Court has granted a motion to approve a sale of the majority of THQ's assets to multiple buyers. 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.
Raising money during this crisis will be almost impossible, even from friends and family shocked by the stock market declines. Do you still need marketing costs when there is no-one out there buying new product? Are you salespeople making few if any sales because your prospective customers are distracted by their own problems?
“[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.
According to RealD, the cuts include the elimination of certain sales and marketing and research and development expenditures. reald layoff jobs employment hollywood movie projection theater' The number of employees who will be affected by the cutbacks were not disclosed by the company. READ MORE>>.
Another, Vista Equity owned San Diego company--Active Network--recently announced the sale and split of its business products group, which it is merging with another Vista Equity owned company, Lanyon--also based in Texas. 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>>.
The company also said that its EVP of Marketing and Sales, Mr. Claude Shores--as well as other, un-named employees--have resigned and left the company. cytori therapeutics executive biotech lifescience biopharma biopharmaceuticals layoff jobs employment' READ MORE>>.
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>>.
Harman said the move will affect about 130 employees, including sales, marketing, and administration staff. Tags: jobs employment layoff harman international. Harman said that a limited number of its employees will be offered relocation.
The announcement came as the firm reported first quarter 2009 sales of $440.3M, down from $451.8M The firm said that it had a sales decrease due to contracting commercial markets and the global recession. Tags: teledyne technologies employment jobs layoff aerospace electronics. in the same period last year.
in the fourth quarter for the layoffs, including severance for Riesenbach. The firm also reiterated its interest in a sale; the firm said it is still pursuing "strategic alternatives" with RBC Capital Markets. The firm will take a charge of $4.5M
It might be a VP of Sales, Marketing or Technology. Or it may just be a junior programmer, sales rep or accountant. Sales people are normally tossed out the door when they quit their jobs. Trust me, if they were doing layoffs they wouldn’t keep you an extra month just to be nice. The reality is the same.
asset management firm Birch Lake Associates and it is aimed at bringing Faraday’s flagship FF91 SUV to market. This new financing comes hot on the heels of a joint venture (JV) with once-popular Chinese gaming company The9, which will bring Faraday’s V9 EV — a vehicle based on the FF91 — to market in China.
Usually leading up to the time positive cash flow is initially reached, the management team is not taking a market wage, payables are stretched, and any slowing of receivables collections would likely cause layoffs. So, rarely will this strategy or outcome enable investors to reap their target in a sale.
Fisker has been scaling back sales projections for its Karma luxury sports car, after a series of recalls and other issues in getting the car to market. Fisker apparently is try to re-negotiate those milestones with the DOE, after receiving only $193M of a promised $593M in loans. READ MORE>>.
San Diego-based residential solar installer OneRoof Energy has cut its staff, and says it is in a major realignment of its business operations to tap into consumer services providers and partners, rather than invest in its own direct sales. Size of the cuts were not announced by the company. OneRoof Energy is backed by Black Coral Capital.
The publicly held firm said it continues to maintain a sales force and will "protect the intellectual property position of its product", and will continue to market its product Silenor, while it seeks strategic alternatives. READ MORE>>.
Here are a few examples: Marketing specialists. As your business starts up, you need marketing programs, Search Engine Optimization (SEO), Search Engine Marketing (SEM), a modern “pull” strategy based on social networks, and lead generation. This world changes rapidly and needs a highly focused specialist to keep up.
Here are a few examples: Marketing specialists. As your business starts up, you need marketing programs, Search Engine Optimization (SEO), Search Engine Marketing (SEM), a modern “pull” strategy based on social networks, and lead generation. This world changes rapidly and needs a highly focused specialist to keep up.
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.
This total rate now exceeds 7 billion texts sent per day, according to a new mobile marketing website (more than one per day for every person on earth). But most business processes, like negotiating a contract, closing a sale, customer support, or managing employees, are much more complicated than just words. Marty Zwilling.
Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, and is now seeking a sale, according to CNBC. The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund.
The company also said it is looking to divest it infrastructure business units in the new term, and hired an investment banker to manage the sale. NextWave was originally a buyer of government radio spectrum, but instead went on to develop semiconductors for the wireless market. READ MORE>>
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. Marketing that our tickets are on sale is a huge problem and in the live entertainment/sport industry, that’s just bad.
The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund. Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, according to CNBC.
So, how is it you ended up going from a technology infrastructure entrepreneur at SkyPipeline, to the consumer market with Visalus? I had a sales force when I was at SkyPipeline, selling telecom, networking, and broadband wireless products. We went from $9M in sales to $624M in sales in eighteen months, and sold out at 19x EBITDA.
We had flash sales and group sales sites coming to us with the same general business idea: shoot out a couple million emails to potential customers saying they have tickets on sale. This is a huge deal to a half a billion dollar industry market that our tickets are on sale. Marketing our brand is one challenge.
Here are a few examples: Marketing specialists. As your business starts up, you need marketing programs, Search Engine Optimization (SEO), Search Engine Marketing (SEM), a modern “pull” strategy based on social networks, and lead generation. This world changes rapidly and needs a highly focused specialist to keep up.
Seasonal sales fluctuations eat cash. Fluctuating sales means more inventory is required to cover the ups and downs. If you try to vary the number of employees to match, that costs even more cash for hiring, firing, and layoffs. Sales volumes are still ramping up while marketing expenses are at max.
Seasonal sales fluctuations eat cash. Fluctuating sales means more inventory is required to cover the ups and downs. If you try to vary the number of employees to match, that costs even more cash for hiring, firing, and layoffs. Sales volumes are still ramping up while marketing expenses are at max.
” —Company funding news: Tesaro (NASDAQ: TSRO ) of Waltham, MA, said it took advantage of positive Phase 3 data to raise $409 million in a secondary stock sale…Protagonist Therapeutics, based in Milpitas, CA, has filed for a $75 million initial public offering. million in funding, according to a regulatory filing. .
Traded on the London Stock Exchange, its shares held steady while the market went haywire, then climbed all week through Thursday’s close. Shares were down nearly 8 percent in aftermarket trading… Boehringer Ingelheim said it would lay off 724 jobs , mainly in sales, across the U.S.,
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