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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>>.
Santa Ana-based TTM Technologies , a printed circuit board manufacturer, announced late Tuesday that the firm is closing both its Los Angeles and Hayward, California facilities, resulting in the layoff of 347 employees. Tags: layoff employment electronics technologies.
San Diego-based Qualcomm says that its board of directors has decided to stay the course, and will make no change to the company's corporate and financial structure, after a strategic review by a special committee of its board. READ MORE>>.
Superconductor Technologies , the developer of superconducting wire and wireless component which has operations in Santa Barbara, has cut nearly a third of the company''s jobs in February, and reduced its staff to 30. layoff jobs barbara santa santabarbara employment wireless wire technologies superconductor' READ MORE>>.
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>>.
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.
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. Mass Layoffs Taking Place. The post Tech Companies Are Hiring Staff… Then Rescinding the Offers appeared first on Tech.co.
Heavily backed, concentrating solar photovoltaic technology developer Amonix , which is based in Seal Beach, is set to lay off 76 workers across its offices in California, according to regulatory filings with the state. Amonix is heavily backed by Kleiner Perkins, Westly Group, and Angeleno Group, raising a huge, $129.4M round in 2010.
However, he did confirm to TechCrunch that he had to reduce staff due to the COVID-19 pandemic. Divergent 3D made Blade — which was on the auto show circuit in 2016 — to demonstrate the technology platform. Divergent 3D and Czinger Vehicles are wholly owned subsidiaries under Divergent Technologies. A core team remains, he said.
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. Motorola annual financial report is here.
Jeff Kramer of Troy and Gould will review the most important new employment laws and employment cases for the coming year, and discuss the implications of these legal developments for California employers. Friday, January 23, 2009 -- Navigating The Legal Minefield: How To Keep Your Company Safe In 2009. See [link] (more).
In my experience, even in startups, longer-term strategy often gets pushed off the agenda due to current challenges. Get outside the company regularly to get feedback on future customer needs, emerging technologies, and the views of influencers and experts in the field. Connect operations today with long-term goals.
This money is administered by the SBA (small business administration) and is obtained through an approved bank who reviews your application. If you do massive layoffs (RIFs) you can assume that you will need to repay your loan since the intent of the loan is to protect jobs. The goal of the program is in the name?—?payroll
We use gestures or our voice to control our engagement with our technology. It won’t be long before another round of layoffs comes, and these new tools will create new jobs to fill the gap. None of this could be mined successfully in the past generation of technology. 62% look at online peer reviews. Will hotels be next?
He eventually founded and sold consumer health firm ViSalus to a public company and is now back making investments, in technology companies, as a venture capitalist here at Los Angeles-based HashtagOne (www.hashtagone.com). As a result, I really saw Visalus as a technology company. What's the theme of your investments?
If you have a different view, I urge you to see the data presented in a new book, “ The Nine: The Tectonic Forces Reshaping the Workplace ,” by Phil Simon, a globally recognized authority on technology, collaboration, and the future of work. Layoffs from bellwethers make headlines and scare us, but these are now mostly behind us.
In your own startup, you might experience lean times, but you never will be crushed in a stampede, like a middle-manager in a corporate layoff. When high-tech businesses, founded by appropriately educated entrepreneurs who received money from sophisticated investors are considered, the survival rates are even more encouraging.
According to Inseego, it has terminated its transaction with TCL--which has been stalled in regulatory review for over a year--and named both a new CEO and new Chairman of its board. Limited , and has embarked on a massive restructuring of the company. Inseego said it would immediately recommit to the Mi-Fi business. READ MORE>>.
Despite technical differences and the early nature of the data that made comparison difficult, Wall Street declared Spark this week’s winner. . —More updates from the hematology meeting: Philadelphia-based Spark Therapeutics (NASDAQ: ONCE ) and Dutch firm UniQure (NASDAQ: QURE ) both updated their hemophilia B gene therapy programs.
All eyes are on Holmes, who is scheduled to present data from the company’s technology at a medical conference on August 1. million Series A to develop a drug, licensed from Columbia University, for the brain cancer glioblastoma… Lyndra , a Cambridge startup working on oral drug delivery technology, has received $5.4
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.
To boost the initiative, which aims to speed the pace of cancer research, FDA said it would consolidate its cancer review divisions under the Oncology Center of Excellence. The technology was funded by the Department of Defense and comes from MIT’s Lincoln Lab. PureTech also bucked the Brexit fallout this week.
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