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14 Articles match "Development","Layoffs","San Diego"
The Latest from the Southern California Tech Central Community
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Wednesday, March 3, 2010
San Diego-based La Jolla Pharmaceuticals , the failed biopharmaceuticals firm which was previously developing treating lupus renal disease, reported today that it has received notification from the Nasdaq that it will be delisted from the market as of Thursday. La Jolla wound down its operations last year, after the failure of its Phase 3 trials and layoff of almost all of its staff.
...Tags: The Nasdaq denied the company's request for continued listing on the market, and determined that the company is now a "public shell" due to its nominal assets and operations.
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Friday, December 11, 2009
San Diego-based Verari Systems , a developer of blade server technology, has shut down, according to publication InsideHPC. Tags: verari systems blade server shutdown employment jobs layof According to InsideHPC, Verari Systems shut down due to lack of access to capital. Verari had raised over $59M in funding from such investors as Carlyle Group, Celerity Partners, Sierra Ventures, and Voyager Capital. READ MORE>>
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Thursday, April 23, 2009
San Diego-based Sequenom , a developer of genetic analysis equipment, announced late Thursday that the firm has cut approximately 30 employees as part of a cost cutting measure. Tags: sequenom genetic analysis employment layoff job According to the firm, the cuts were a result of a "continuing weak outlook in 2009" for sales of its equipment, particularly in the U.S. The firm said the cuts were made in its Genetic Analysis business.
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The Best from the Southern California Tech Central Community
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Tuesday, December 16, 2008
Midway Games, a Chicago-based video games developer, announced Tuesday afternoon that it has cut 25 percent of its staff, in a move that also affects the firm's San Diego locations. Number of San Diego employees affected by the move was not disclosed. The cuts in San Diego came in conjunction with closure of the firm's Austin operations and similar cuts in Ch Midway made the announcement saying that the moves were necessary in response to both challenges the firm is facing, as well as the current economy.
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Friday, January 30, 2009
Calabasas-based THQ , which develops computer game titles, is closing its San Diego, UK, and Germany offices, and has laid off 100 employees, according to an email to employees from CEO Brian Farrell. Tags: jobs employment layoff content games wireles The move is part of a restructuring of the firm's THQ Wireless operations. According to the note, the firm is streamlining its THQ Wireless operations to only focus on high-end handheld devices.
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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. The company blamed the moves on the severity of the slowdown in the economy and semiconductor industry.
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Friday, December 11, 2009
San Diego-based Verari Systems , a developer of blade server technology, has shut down, according to publication InsideHPC. Tags: verari systems blade server shutdown employment jobs layof According to InsideHPC, Verari Systems shut down due to lack of access to capital. Verari had raised over $59M in funding from such investors as Carlyle Group, Celerity Partners, Sierra Ventures, and Voyager Capital. READ MORE>>
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Thursday, April 23, 2009
San Diego-based Sequenom , a developer of genetic analysis equipment, announced late Thursday that the firm has cut approximately 30 employees as part of a cost cutting measure. Tags: sequenom genetic analysis employment layoff job According to the firm, the cuts were a result of a "continuing weak outlook in 2009" for sales of its equipment, particularly in the U.S. The firm said the cuts were made in its Genetic Analysis business.
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Tuesday, March 31, 2009
San Diego-based Quidel , a developer of diagnostic tests for the healthcare industry, said Tuesday that it has cut approximately 10 percent of its work force, or 31 employees, in a corporate restructuring. Tags: quidel diagnostic lifescience healthcare layoff jobs employmen According to Quidel, it made the cuts in order to "gain operational efficiences and reduce costs." Quidel disclosed that the cuts included two senior-level positions, an elimination of its annual cash incentives, and efforts to reduce discretionary spending for the remainder of the year.
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Tuesday, January 20, 2009
San Diego-based Metabasis Therapeutics, a biopharmaceuticals development firm, just announced this morning that it is cutting 38 employees, or approximately 43 percent of its employees as part of a corporate restructuring. Tags: jobs biopharmaceutical layoffs therapeutics pharmaceutical lifescience metabasi Metabasis said the move will focus its efforts on its treatments fo hyperlipedemia and treatments for type 2 diabetes, along with its glucagon antagonist program. The firm said it will take a charge of $1.4M
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Wednesday, March 25, 2009
San Diego-based Entropic Communications , a manufacturer of semiconductors for the home entertainment market, said in a filing with the SEC Tuesday that the firm is cutting approximately 55 of its employees, or 18 percent of its workforce. In addition to the employment cuts, Entropic said it is closing its locations in France and Israel, and suspended further development of its advanced network processors being developed in Israel. According to the company, its workers were notified Monday and Tuesday that it would make the cuts. Entropic said the move was made to
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Friday, January 16, 2009
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. Tags: cymer jobs employment economy layoff semiconducto 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. Cymer announced the move in conjunction with reduced earnings estimates for Q4 2008.
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Monday, February 2, 2009
San Diego-based Hollis-Eden Pharamceuticals , a developer of biopharmaceuticals, said Monday that the firm is cutting its workforce by approximately 33 percent, or 20 employees. Tags: hollis jobs employment layoff pharmaceuticals sandiego eden biotech lifescienc According to the firm, the "aggressive" cost cutting plan is due to the current economic and industry conditions. In addition to the cuts, Hollis-Eden said it would freeze salaries, and suspend bonuses for all of its employees and execuive officers.
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