Gearbox Acquires Captured Dimensions
Gearbox Entertainment has acquired 3D technology pioneer Captured Dimensions, which has extensive experience in film creation.
Silicon Valley Journals
Moglix Lays Off Up To 3% Workforce
Moglix, a B2B e-commerce unicorn, has laid off 30-40 people, following a wide group of Indian firms that have reduced their personnel to cut costs since last year. “We keep an eye out for low achievers and continue to automate activities, which can impact 2-3% of individuals annually,” the company stated in a statement. Moneycontrol, … Read more
Silvergate layoffs 200 staff
Silvergate, the crypto-focused bank that purchased Facebook’s private digital currency Diem, has written about the $196 million price it paid for the company and plans to lay off 40% of its workers.
Salesforce Layoffs 10% staff
Salesforce, San Francisco’s largest private employer, is cutting off approximately a tenth of its workforce in the first major blow to the tech industry in 2023, a reduction that may potentially imply the loss of around 7,000 jobs globally in the coming weeks. The layoffs were announced early Wednesday morning in an SEC filing and … Read more
MADERA COMMUNITY HOSPITAL CLOSING DOWN
Madera Community Hospital, a healthcare provider in Madera, California, with over $200 million in total patient revenue and 106 staffed beds, has filed for Chapter 11 bankruptcy and will close permanently on January 10, 2023. Madera Community Hospital has previously agreed to be acquired by Trinity Health Corporation. Trinity finally opted not to forward with … Read more
Johnson & Johnson’s Kenvue Files for IPO
Kenvue Inc., Johnson & Johnson’s stand-alone company for consumer health brands, has filed for an initial public offering. The selling is part of Kenvue’s previously announced separation from Johnson & Johnson, which will retain the name of the firm that houses its prescription-drug and medical-devices divisions. Kenvue will be in charge of brands such as … Read more
Glowbar Raises $10M Growth Capital
Glowbar, the skincare brand whose custom 30-minute, $65, clinical-grade facial has helped it become a breakout success in New York, announced today a $10 million growth investment led by Peterson Partners, a Salt Lake City-based firm whose previous investments include Allbirds, solidcore, Bonobos, Rails Clothing, and Madison Reed. Glowbar expects to treble its studio count … Read more
Mantra Bio Raises $9 Million Series A-2 Financing
Mantra Bio announced today that it has raised $9 million in Series A-2 funding to further develop its primary tailored exosome medicines technology. In the fundraising round, Samsung Securities joined existing investors such as 8VC, Viking Global Investors, Illumina, BoxGroup, and Allen & Company. The entire Series A capital for the company is $34 million, … Read more
Argo AI Lays Off 259 Palo Alto Employees
Argo AI began its Bay Area layoffs on Nov. 1, with the last round of cuts happening on or after Dec. 31.
GammaRey, a blockchain financial company, has signed a $320 million merger agreement.t
GammaRey, a blockchain fintech firm, has signed a merger agreement with GoLogiq, a financial e-commerce and consumer data analytics company, according to a Jan. 3 release. Both organizations are situated in the United States, though GoLogiq primarily serves consumers in Southeast Asia. GoLogiq will issue $320 million in common stock to buy 100% of GammaRey’s … Read more