Apeel laying off 96 in second round of the year
Goleta-based Apeel Sciences will lay off a large portion of its workforce, mainly in the Santa Barbara County area, in its second major round of layoffs this year, the company has disclosed. Apeel will lay off a total of 96 employees from its Goleta office, according to a company filing with the state of California. Read More →
Sonos’ profits plummeted in FY2022, in line with industry
Tech market tanks By Jorge Mercado Senior Staff Writer Santa Barbara-based Sonos’ profits plummeted in fiscal 2022, in line with the technology sector. The maker of smart speakers’ net income plunged 33% in its recently ended fiscal year, the company announced after the market close Nov. 16. By comparison, First Trust’s NASDAQ-100-Technology Sector Index Fund fell Read More →
Retailers Cautious as Season Opens
Retailers cautious as season opens By Madeleine Benn Staff Writer The outlook for regional retailers appears mixed this key holiday season. Industry observers, local merchants and shoppers interviewed voiced differing expectations about spending during a time of the year that remains crucial for many retailers, as November and December has traditionally been when consumers have Read More →
U.S. grants PG&E $1.1B to keep Diablo open longer
By Jorge Mercado Senior Staff Writer The federal government has turbocharged Pacific Gas & Electric’s push to keep its controversial Diablo Canyon nuclear power plant online. The U.S. Department of Energy has given the project a $1.1 billion grant to help keep California’s last nuclear power plant operating through 2030, PG&E announced Nov. 21.The lifeline Read More →
New Funding Fuels Atomica CEO’s dreams
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Artera visits Wall Street, hints at IPO
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