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Los Angeles-based music software startup Topspin has laid off a "significant" amount of staff, according to reports , with a majority of the company''s staff getting the pink slip. Topspin did not detail the reason for the layoffs, or how many employees were affected by the move. topspin music medialayoff jobs employment software'
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>>.
San Diego-based Qualcomm confirmed Tuesday evening that it is considering shutting down its FLO TV, mobile television service, after reports that the firm is planning to shut off the service. Qualcomm said that--if it shuts down the service--it will make "appropriate refunds" and would order some layoffs related to the shutdown.
Fox Interactive Media has reportedly laid off a number of staffers, and is restructing its MySpace unit, according to a report in the Wall Street Journal. The WSJ reports that News Corp's Fox Interactive Media division laid off about 5 percent of its work force, or about 100 people.
Irvine-based Specific Media has cut a small amount of its staff, as it continues to absorb its buy of Los Angeles-based MySpace. Specific Media would not confirm the exact extent of its cuts, but reports say the cuts were less than 8 percent of the firm.
“[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.
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. READ MORE>>.
Los Angeles-based digital media publisher BUZZMEDIA is wasting no time reshaping SPIN Magazine , the venerable music and culture publication it acquired earlier this month, and is reportedly already cleaning house.
One of the advantages of blogging, using social media, public speaking, etc as a VC is that you get a more nuanced view of these shifts by watching your own successes and failures. The problem is that this is publicly available information that can and will be scanned by journalists and reported. When you file, you must be prepared.
Santa Barbara-based Sonos , which makes user-friendly, whole home music systems and speakers, has laid off 96 employees, according to multiple reports from Santa Barbara media on Friday. Deails on the layoffs have not been announced by the company, nor reason for the cuts. 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. The shutdown comes after a reorganization of the digital properties of AT&T, as well as its Otter Media subsidiary. READ MORE>>.
Hollywood-based, music-related blog and content firm Buzznet has reportedly cut employees, according to a report from Digital Music News. Buzznet operates an online social networking and social media site focused on music and bands, and is backed by Anthem Ventures, Interscope, Redpoint Ventures, and others.
Santa Monica-based Demand Media is continuing to see a steep drop in revenues from its content and media efforts, reporting Thursday afternoon that it had $15.9M in revenues from its Content & Media segments, compared with $33.6M The company reported a total, Q3 revenue of $28.5M. in the same quarter in 2014.
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. Buying the Kik messaging platform adds another social media weapon to the arsenal for MediaLab and its chief executive, Michael Heyward.
In more continuing turmoil at Twitter, new owner Elon Musk is reportedly ending the ability to work remotely at the social media company, and is demanding employees put in "at least" 40 hours in person at the office each week. The report--from Bloomberg--said that the new rules kick in immediately.
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