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32 Articles match "2008","Layoffs"
The Latest from the Southern California Tech Central Community
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Thursday, July 23, 2009
in sales it had in Q2 of 2008. 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.
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Friday, January 30, 2009
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.
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Friday, January 16, 2009
Cymer announced the move in conjunction with reduced earnings estimates for Q4 2008. Tags: cymer jobs employment economy layoff semiconducto San Diego-based Cymer, a developer of light sources used for semiconductor manufacturing, said late Thursday that the firm has laid off 100 people, or 10 percent of its personnel. The firm said that the move was because business conditions in the firm's industry have "further deteriorated" and demand has dropped for its products.
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The Best from the Southern California Tech Central Community
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Friday, December 12, 2008
San Diego-based DivX has cut 21 employees in a layoff Thursday, a spokesperson for the firm told socalTECH Friday, confirming widespread reports of the move Thursday. Details or reasons for the layoff were not given. The layoffs follow the loss of the company's CTO late last wee
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Friday, December 12, 2008
in the fourth quarter for the layoffs, including severance for Riesenbach. Irvine-based Autobytel said late Friday that it has cut 25 percent of the firm's employees, and also named a new CEO. Autobytel said that the move affects approximately 40 employees at the company, and will save the company approximately $5.2M annually in costs.
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Monday, November 17, 2008
San Diego-based Cymer, which develops lasers used in the manufacturing of semiconductors, said Friday that it has laid off 8 percent, or 85 employees, from the firm. The company said the move will save it around $8.4M in annual savings.
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Friday, October 24, 2008
Beverly Hills-based online entertainment site Break.com has reportedly laid off 11 staffers, according to a report by CNET. Break.com's CEO Keith Richman, which focuses its efforts on providing videos, games, and other entertainment for men, told CNET that the firm is planning to hire the same number of people in the future, with different skill sets. READ MOR
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Wednesday, October 22, 2008
Santa Monica-based Mahalo, the search and news site run by Jason Calacanis, has cut 10 percent of the firm's staff, Calacanis said in a post on his blog Wednesday. Calacanis said that the moves were due to a "challenging economic environment." According to Calacanis, the firm is "fairly certain" that advertising for the next two years will be "severely depressed."
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Thursday, November 6, 2008
The layoffs occurred yesterday, when employees were notified of the move. Los Angeles- and San Diego-based Veoh (www.veoh.com), an online video sharing site, has laid off 20 people, or roughly 18-20 percent of the firm's employees. A spokesperson for Veoh told socalTECH that the changes affected every group in the firm, and was because the firm wanted
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Tuesday, November 25, 2008
San Diego-based Vical Incorporated, a biopharmaceuticals firm focused on immunotherapeutics for cancer and DNA vaccines for infectious diseases, said Friday that it has cut 29 employees, or approximately 20 percent of the firm. According to the company, it has also accelerated closure of a research facility. The firm said that the moves are expected to reduce the firm's
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Thursday, November 13, 2008
Irvine-based Epicor announced Thursday morning that it is cutting its workforce, as part of a cost reduction initiative at the firm. According to Epicor, it made unspecified cuts--expected to save it $16M to $20M annually--in its staff, as a reaction to the current economic environment. The cuts came along with stricter controls on the firm's discretionary spending and other efforts to reduce operating expenses and improve efficiency at the firm.
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Wednesday, November 5, 2008
Agoura Hills-based video game maker THQ said late Wednesday that it is cutting 250 employees, or 17% of its staff, after reporting disappointing results. THQ said it would undertake a "significant" business realignment as its looks to focus on fewer, higher quality titles. The firm said it is cancelling several titles under development, closing five studios, and reducing approximately 250 people and streamlining its corporate organization.
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Thursday, November 6, 2008
The technology industry’s panicked rush to lay off employees, in fear of impact from the economy, is starting to hit Southern California. The latest:
Veoh - 20 employees, or approximately 18-20 percent of its staff.
THQ - 250 employees, 17 percent.
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