The move came after the firm reported net revenues of $1.127 billion for the third quarter of 2008. Tags: jobs employment layoff broadco Irvine-based Broadcom will lay off 200 workers, or about 3 percent of the firm's employees, the firm said yesterday on its earnings call. According to Broadcom, the company is looking to manage its costs and focus on operating cash flow, and is implementing cost saving measures including delaying salary increases, a reduction in workforce, and a variety of other "belt-tightening" actions.

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. The bad news came in conjunction with its quarterly results, where THQ said it had net sales in the quarter of $357.3M, down significantly from last year when it had net sales of $509.6M. THQ said the move was a response to the continuing uncertainty in the market. The firm said that the cuts include a reduction in product development spending

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 Tags: power-one power supply employment jobs layof Camarillo-based Power-One , which manufactures power supplies and power conversion products, disclosed Thursday that the firm has reduced its headcount by another 300 employees. The firm said the cuts came during Q2, and were on top of an earlier cut of 900 employees it announced in May associated with the shutdown of a plant in the Dominican Republic.

Agoura Hills-based THQ has swung back into the black, saying Tuesday evening that it had net income of $6.4M 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. on sales of $243.5M for its fiscal first quarter, on the strength of the firm's new UFC 2009 Undisputed title.

The company said it had cash, net of liabilities and obligations, of approximately $4.4M. That failure resulted in the layoff of nearly all of the firm's staff, and an unsuccessful effort to sell the firm. San Diego-based La Jolla Pharmaceutical Company , a publicly traded biopharmaceuticals firm, reported this morning that its stockholders are set to vote on a liquidation plan for the company. The firm said it is looking to fully dissolve the company, paying off its creditors and distributing any remaining cash.

I’ve mentioned this a few times in the last few weeks, but — despite what you see about layoffs and the economy — there seems to be a great hunger for employees at many local Southern California companies. NET developers to a Community Manager. Richard Rosenblatt of Demand Media (Richard’s best known as having been the Chairman of MySpace) said today that his company has over 30 open positions at the firm, ranging from .NET Rosenblatt says: