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Qualcomm said it is suspending direct consumer sales of devices, and will continue maintaining the service until Spring 2011. Qualcomm said that--if it shuts down the service--it will make "appropriate refunds" and would order some layoffs related to the shutdown. READ MORE>>.
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.
Los Angeles-based online content developer Machinima said Thursday that it has laid off 42 people at the company, all from its sales force, as the company continues to struggle with low ad rates and the large chunk of revenues that are claimed by Google from multi-channel networks. 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.
Tesla said that to achieve this lower price it will shift all sales globally to online only, meaning the company will be closing many of its stores over the next few months. There will be some layoffs as a result. Musk later said they would be hiring more service technicians.
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>>.
Newport Beach-based Conexant reported Monday afternoon that it has completed the sale of the firm's Broadband Access product lines to Ikanos. Tags: ikanos acquisitoin merger employment jobs layoff conexant. The deal was worth $54M. Conexant had said it would sell the unit in April. READ MORE>>.
The cuts are part of a reswizzling of Sony''s electronics business, which includes the sale of the company''s Vaio personal computer business--which dramatically affects the company''s retail operations. sony electronics jobs employment layoff' READ MORE>>.
Agoura Hills-based THQ , the embattled videogame maker, is finally seeing some good news, reporting today that it is expecting to report non-GAAP net sales of $160 million to $170 million, above its previous outlook of $130 million to $150 million.
“[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.
BeachMint said that the firm has grown 40% year over year, in both sales and subscribers. beachmint executive layoff ecommerce reporting' According to BeachMint, the story is "not accurate", and that Berman and Berdakin remain 100% focused on the firm, and are fully backed by the company''s board. READ MORE>>.
Are you salespeople making few if any sales because your prospective customers are distracted by their own problems? Act boldly to address painful layoffs, reductions in salaries, cuts in trade shows already contracted (even if cancelled or reset to the fall months.)
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>>.
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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>>.
Many executives and managers have made the mistake of using the financial and sales forecast to plan and execute hiring of new employees – so that they could be trained and up to speed when the demand arrives. Well, you may not be alone. The balance between preparedness and cost.
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. Tags: employment jobs layoff video content game. READ MORE>>.
The revelation came as part of the firm's Q2 2009 results, when the firm said it had net sales of $91.2M, a 39% decrease from the $149.3M in sales it had in Q2 of 2008. Tags: power-one power supply employment jobs layoff. The firm said the cuts bring the company's reduction in headcount to 1300, or 29 percent of its staff.
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.
on sales of $243.5M and sales of $137.6M The quarter, which ended June 30th, reversed a string of big losses and declines for the company over the last year, which resulted in major layoffs and studio closures at the firm in November and February. The positive results compared with a loss of $27.2M READ MORE>>.
TorreyPines said that Merriman Curhan Ford will help the firm assist in evaluating "strategic options," including sale of the company or its assets. The hiring of the bank follows the layoff of most of the firm's employees earlier this month.
TorreyPines said that Merriman Curhan Ford will help the firm assist in evaluating "strategic options," including sale of the company or its assets. The hiring of the bank follows the layoff of most of the firm's employees earlier this month.
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.
The move follows the sale of its hallmark FAX business in February to j2, and turmoil and layoffs over the last two years as the firm's Internet call waiting service declined with the rise of broadband connectivity and corresponding drop in dial up usage.
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.
But most business processes, like negotiating a contract, closing a sale, customer support, or managing employees, are much more complicated than just words. I’m supportive of using text messaging for agreeing on a time and place for a customer visit, but when I read that text messages are the new pink slips for layoffs, that’s just wrong!
The company has yet to enter mass production five years after its launch, mainly as a result of a series of financial issues that have ended in layoffs, unpaid wages, furloughs, property selloffs and much more. It has also put its 900-acre, $40 million property in Las Vegas up for sale.
It's not necessarily to be the sales person, but to be able to sell me on the vision. We had to do a reduction-in-force and layoff early in our career, and I thought we were done. We aren't just technology, exclusively, but we're definitely on that side of it. What do you look for in entrepreneurs? That's not any one thing.
These same CEOs sit in their corner offices and email the COO in the next–door office and call their VP of Sales rather than walking down the hall. Overnight, just about every company went into a hiring freeze and massive layoffs dominated the news. In just over eighteen months, we were on track to double in size.
The cuts were due to "weaker than expected" sales of the gaming accessory. Agoura Hills-based THQ , the developer of videogames, has cut 30 of its staff, due to poor performance of its uDraw tablet for the Wii, Xbox 360, and PS3. READ MORE>>.
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. According to reports, Fisker has laid off 26 employees in Delaware, and 45 in California, after failing to meet DOE deadlines for its production goals. 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.
Tomorrow, a similar change is likely to happen to sales personnel, customer service, even manufacturing and construction jobs. The days when these roles were stable careers for company employees are gone. Today we are seeing a rapid transition to independent specialists. We are becoming a society of entrepreneurs. Marty Zwilling.
In a statement, the company said it has identified "sales and operating synergies that exist between itself and Myspace" and is "consolidating forces" to align the workforce with the direction it is headed. Specific Media would not confirm the exact extent of its cuts, but reports say the cuts were less than 8 percent of the firm.
In addition to the sale, Kofax said it is taking a charge of $2.6M Irvine-based Kofax , a provider of document management software and hardware, said Sunday that it is selling its hardware business to a German private equity firm, and cutting staff.
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>>.
But most business processes, like negotiating a contract, closing a sale, customer support, or managing employees, are much more complicated than just words. I’m supportive of using text messaging for agreeing on a time and place for a customer visit, but when I read that text messages are the new pink slips for layoffs, that’s just wrong!
Tomorrow, a similar change is likely to happen to sales personnel, customer service, even manufacturing and construction jobs. The days when these roles were stable careers for company employees are gone. Today we are seeing a rapid transition to independent specialists. We are becoming a society of entrepreneurs. Marty Zwilling.
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