AppFolio cuts jobs to address profitability concerns, stock gains 10%
Latest news, middle, Technology, Tri-County EconomySanta Barbara-based AppFolio has seen its shares rise as much as 12.6% in the days since the company announced it would be laying off 9% of its workforce on Aug. 17. Shane Trigg, the company’s CEO recently hired in March, wrote in a letter sent out to employees on Aug.17 that it would be cutting Read More →
Vital signs: Central Coast adds tourism jobs in July as summer season peaks
Central Coast, Economy, Latest news, left, Tourism, Tri-County EconomyThe unemployment rate along the Central Coast took a slight dip from June to July, as the unemployment rate of 3.8% fell to 3.7%, according to the data released on Aug. 18 from the California Employment Development Department. However, across the tri-counties 3,100 total nonfarming jobs were lost and, when factoring in farming jobs, 6,000 Read More →
Cottage Health receives largest donation to create new center
Health Care & Life Science, Latest news, Top Stories, Top StoryThe Santa Barbara Cottage Health Foundation received a $50 million donation, the single largest gift in Cottage’s 135-year history, from philanthropists Mary and Richard Compton, the hospital recently announced on Aug. 22. In total, the Comptons have donated $65 million to support medical excellence and innovation at Cottage Health. The couple, who live in Santa Read More →
Embracing new possibilities: Ventura tourism sees X Games boost, SB and SLO counties see positive trends
Central Coast, Latest news, middle, Subscriber content, Tourism, Tri-County EconomySummer is a time of great expectations for the tri-counties. As people look to venture out and do things near the beach, near the mountains and anything else in between, the Central Coast has three counties that can fulfill those needs. While it might have been a late start for some, all saw some big Read More →
UPDATE: Direct Relief provides aid to Hawaii in response to deadly wildfires
Latest news, middleIn the week following the Maui wildfires that destroyed thousands of structures and killed more than 100 people as of Aug. 16, Santa Barbara-based Direct Relief has provided immediate support to help the locals recover from the deadliest natural disaster in Hawaii’s history. Direct Relief’s first large shipment of medical supplies arrived on Aug. 12 Read More →
AppFolio lays off 9% of workforce in second round of 2023 cuts
Latest news, Technology, Top Stories, Top Story, Tri-County Economy, Tri-County Public CompaniesAppFolio CEO Shane Trigg announced that the company would be firing 9% of its workforce, or 149 employees, effectively immediately, he wrote in a letter sent out to employees on Aug. 17. The letter, filed with the U.S. Securities and Exchanges Commission, said the company’s lack of profitability hurt “our ability to achieve our potential.” Read More →
24 tri-county companies earn a spot on national fastest-growing companies list
Latest news, Subscriber content, Top Stories, Top Story, Tri-County EconomyThis article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
