New look Sonos eliminates 12% of workforce Sonos portable speaker, Roam. (courtesy photo) Santa Barbara-based Sonos is laying off 200 people, or approximately 12% of its workforce, the audio company announced on Feb. 5, less than a month after …

Jan 11, 2024 · Goleta-based Transphorm, a spinout from UC Santa Barbara, was purchased by Renesas Electronics Corporation on Jan. 10 in a deal worth approximately $339 million. Tokyo-based Renesas is a supplier of advanced semiconductor solutions while Transphorm is a leader in gallium nitride power semiconductors. According to details of the purchase, Renesas will acquire Transphorm for $5.10

6 days ago · L-R, a rep from Pacific Premier, Nexstera CEO Penny Lane Case, Kylene Landerberger, Stefany James and CIE Director Judy Mahan. (courtesy photo) The Cal Poly Center for Innovation and Entrepreneurship (CIE) Small Business Development Center (SBDC) announced the 12 tech startup semi-finalists to compete in the 2025 Angel Conference. This year's event will take place

2 days ago · Santa Barbara-based Unwrap.AI founders Ryan Millner, left, the company’s CEO and Ashwin Singhania, the company’s chief product officer . The company has raised over $3 million in funding so far and has grown revenue by at least 500% each year since 2022. (courtesy photo) Santa Barbara-based Unwrap.AI opened the first capital raise of the year

Dec 20, 2024 · Philanthropist Mackenzie Scott donated another $2 billion of her own wealth on Dec. 18, $10 million of which found its way to nonprofits based on the Central Coast. Scott, who was formerly married to billionaire Amazon Founder Jeff Bezos, has now donated roughly $19.2 billion since 2019. She is still worth over $31 million according

Feb 3, 2025 · By Amanda Marroquin Business Times Intern Thousand Oaks-based Teledyne Technologies completed its $710 million acquisition of several businesses from Excelitas Technologies Corp on Feb. 3. Teledyne’s, the technology and defense conglomerate, $710 million acquisition included aerospace and defense electronics businesses. Qioptiq, a UK-based optical systems business under Excelitas, was ...

Jan 24, 2025 · A new study from ResumeBuilder.com, an online site that houses resume templates and offers career advice, found that 45% of companies are anticipating layoffs in 2025. The report, which collected responses from 1,000 U.S. managers, highlighted the main reasons for the anticipated layoffs were economic concerns, AI automation, and President Donald Trump administration’s policies.

Oct 18, 2024 · Left, Patrick Day, Jordano’s vice president/general manager, Jeff Jordano, middle, president of Jordano’s and Pacific Beverage and son. Pete Jordano, right, is the CEO of Jordano’s Foodservice. (Jorge Mercado / PCBT Staff) For a business to last over a century — especially in the competitive beast that is the food service industry — that company must be

Jan 24, 2025 · At Jackson Square Capital, Andrew Graham is looking at signals of divergence between the Russell 2000 small-cap index and the S&P 500. One important trend will be corporate buybacks which could be a leading source of equity demand. Jackson Square has seen a linkage between the decoupling of the Russell 2k and a rise in copper prices. “In

5 days ago · Sonos portable speaker, Roam. (courtesy photo) Santa Barbara-based Sonos is laying off 200 people, or approximately 12% of its workforce, the audio company announced on Feb. 5, less than a month after the business replaced former CEO Patrick Spence. In a video to employees, Tom Conrad, Sonos interim CEO as of Jan. 13, said the