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Report: Tech Layoffs At Highest Level In Three Years

socalTECH

You may not see it here in Southern California's high tech sector--which has been booming, due to a surge of startup and accelerator activity--but apparently, the technology sector has seen its highest level of layoffs in three years, according to a report today. Image courtesy Bigstock.com READ MORE>>.

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Tech Companies Are Hiring Staff… Then Rescinding the Offers

Tech.Co

A number of tech companies have made the headlines this week for hiring new members of staff, only to rescind such offers before they start. Get all the latest tech news straight to your inbox. The Wall Street Journal reports that Twitter, for instance, has refused to take on new staff it previously offered jobs to. “My

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Report: Verari Systems Shuts Down

socalTECH

San Diego-based Verari Systems , a developer of blade server technology, has shut down, according to publication InsideHPC. According to InsideHPC, Verari Systems shut down due to lack of access to capital. Tags: verari systems blade server shutdown employment jobs layoff. READ MORE>>. READ MORE>>.

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Teledyne Technologies Lops Employees, To Close Facilities

socalTECH

Thousand Oaks-based Teledyne Technologies , an aerospace and electronics firm, announced Wednesday that the firm has cut six percent of its North American workforce, eliminated salary increases, cut employee stock option awards, and will also close or relocate five of its operating sites, as it looks to cut expenses.

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Google Confirms Motorola Mobility 4000 Layoffs

Tech Zulu Event

Motorola annual financial report is here. Google will however feel the layoffs. The firm will incur a severance-related charge of over $275 million, and restructuring charges due to the staff’s severance packages and job outplacement services for the 4000 employees its laying off at Motorola Mobility.

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Bio Roundup: Theranos Cuts, Alnylam Stops, Nobel Eats Its Own & More

Xconomy

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.

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Biotech Roundup: Kadmon Debt, Hemo Data, Loose Lips & More

Xconomy

The filing held some surprises , however, as Xconomy reported: plans to convert about $200 million in debt—a massive amount for a privately held biotech—into shares at the IPO, with some of those shares holding special privileges for their owners. . —Ben Fidler contributed to this report. Reprints | Share:

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