Los Angeles Tech Culture

The latest news about Los Angeles' tech scene and culture in from dot.LA

Activision Blizzard addressed ongoing employee concerns over workplace culture in a letter to staff Tuesday, and said it disciplined 40 employees for inappropriate workplace behavior.

The letter was written by Blizzard's Executive Vice President for Corporate Affairs (and former U.S. Homeland Security adviser) Frances Townsend, who joined the company in March and sent it to employees via email the afternoon of Oct. 19.

Recently 20 Activision Blizzard employees were fired and 20 more were reprimanded following widespread accusations of sexual harassment and discrimination based on gender.

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Cornerstone OnDemand, the Santa Monica–based learning and talent management software company, is shaking things up. Shareholders approved on Tuesday a $5.2 billion deal to take the company private.

In an all-cash transaction, Clearlake Capital Group (also based in Santa Monica) takes ownership of the company through a combination of equity and debt, buying the outstanding shares at $57.50 per share.

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Even as the Latino middle class grows, the wealth gap persists. A typical white family has five times more wealth than Latinos. Suma was founded nine months ago by CEO Beatriz Acevedo with the goal of bridging the Latinos wealth gap.

A seasoned tech entrepreneur who founded Latino-focused entertainment company Mitú, which was acquired last year by GoDigital Media Group owner of Latido Networks for an undisclosed amount. Mitú had raised $52 million, but struggled especially during the pandemic. She also runs her family's California charity, the Acevedo Foundation.

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