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37 Articles match "Layoffs","Report"
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. La Jolla
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Wednesday, February 3, 2010
Speaking of going out of business, AOL’s revenue dropped 17% last year , according to the quarterly report. 8221; So they’re really getting into the layoffs, that’s good. Good evening, everyone! Got a great show on Techmeme tonight. Got Michael Arrington, Jason Calacanis, and Leo Laporte.
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Thursday, January 14, 2010
Calabasas-based Ixia , a developer of network testing tools and software, is reporting this morning that it has implemented a "cost reduction initiative" and cut 80 positions from the firm, in what it said was primarily an elimination of duplicate resources from the company's October acquisition of Agilent's N2X product line. Tags: ixia layoff jobs employment test equipmen According to Ixia, the cuts will save it approximately $11M in annual costs. Ixia said the cuts should be complete by June 30th, and that it will take a charge of $3 to $4M for severance and other related costs.
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The Best from the Southern California Tech Central Community
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Wednesday, April 1, 2009
San Diego- and Los Angeles-based online video site Veoh is reportedly in the midst of a "major restructuring," according to a report from VentureBeat . Quoting a "source close to the company" VentureBeat said that the layoffs would be "drastic." Tags: veoh layoff jobs video conten An email to Dmitry Shapiro, CEO of Veoh, this morning, asking for comments on the rumor was not returned. Veoh laid off 20 percent of its employees in November.
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Wednesday, July 15, 2009
Layoffs at personal finance software maker Intuit are set to hit a number of the firm's Southern California locations. The layoffs date are split between August 3rd and August 17th, according to the WARN filings. WARN (Worker Adjustment and Retraining Notification) is a California law which requires certain companies to report when they are planning mass layoffs at least 60 days in advance.
...Tags: Mountain View-based Intuit, which said in June that it would be laying off about 4 percent of its staff, disclosed through California WARN notices recently that it is laying off employees in Calabasas, Woodland Hills, San Diego, and Westlake Village as part of an overall, company-wide reduction.
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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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Tuesday, February 17, 2009
Santa Ana-based Ingram Micro , an electronics distributor, has reportedly laid off about 8 percent of the firm's North American workforce, or 300 employees, according to a report from ChannelWeb. ChannelWeb quoted an executive at Ingram, who said that the layoff occurred Tuesday, with as many as 150 cuts in the firm's Orange County offices. Tags: ingram employment Ingram Micro distributes technology products, including electronics, computer accessories, and other products.
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Thursday, February 26, 2009
Los Angeles-based ManiaTV has reportedly laid off 15 of the firm's 33 employees, according to a report in The Deal, as the firm prepares to sell the company. Tags: employment merger layoff hollywood content acquisition entertainment maniat The Deal said Revision3 is rumored to be a possible buyer for the firm. ManiaTV is a producer of original online content, which it distributes entirely online.
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Tuesday, January 27, 2009
Fox Interactive Media has reportedly laid off a number of staffers, and is restructing its MySpace unit, according to a report in the Wall Street Journal. The WSJ reports that News Corp's Fox Interactive Media division laid off about 5 percent of its work force, or about 100 people. Tags: jobs layoff interactive myspace medi Details were sketchy, however, MySpace told a number of publications that it is actively hiring and expects to have more employees at the end of the fiscal year than it currently has, despite the restructuring.
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Monday, November 24, 2008
Hollywood-based, music-related blog and content firm Buzznet has reportedly cut employees, according to a report from Digital Music News. According to the publication, citing a representative of the firm, Buzznet has eliminated 10 employees, from a total of 89 staff. This publication has not yet confirmed the cuts with the firm.
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Friday, December 11, 2009
Tags: verari systems blade server shutdown employment jobs layof 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. Verari had raised over $59M in funding from such investors as Carlyle Group, Celerity Partners, Sierra Ventures, and Voyager Capital.
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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, 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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