New look Sonos eliminates 12% of workforce
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 company is “most significantly” shaking up Read More →
Atara will shed 50% of its workforce after FDA rejection
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Unwrap.AI receives $12 million in Series A funding
Santa Barbara-based Unwrap, an AI-powered customer intelligence platform, announced Jan. 30 it has received $12 million in Series A funding. The round was led by Scale Venture Partners with participation from Atlassian Ventures, Cercano, ScOp VC, Allen Institute for Artificial Intelligence, former Stripe CTO David Singleton, Perplexity co-founder Johnny Ho, and others. Unwrap will use the new funding to expand sales and Read More →
Central Coast embraces remote work model
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WEV helps hundreds of tri-county small businesses thrive
Entrepreneurship is on the rise here in the United States, as Americans are starting and running their own small businesses at record rates as part of a post-pandemic shift. According to the Center for American Progress, the number of startups — defined as businesses under 1 year old — surged in 2022 and 2023, surpassing pre-Great Recession levels for Read More →
Small, mid-size businesses are optimistic about the economy
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Sonos CEO steps down following app debacle
Consequences of Sonos’ decision to overhaul and release a new version of its app — one that was riddled with bugs and missing key features — came to fruition on Jan. 13 after the company announced it would be looking for a new CEO to start the new year. Sonos, a maker of speakers, headphones Read More →
