San Fernando Valley roundup: Layoffs hit Burbank entertainment industry, North Hills woman pleads guilty in Ponzi scheme, Sun Valley man stabbed to death at party

Good morning, readers. Today is Tuesday, October 30. Some employees at entertainment companies in Burbank could soon be facing layoffs.

More than 175 employees at companies such as Disney, NBCUniversal and Technicolor Creative Services will likely be laid off starting in December, many as a result of outsourcing custodial services, reports the Burbank Leader.

A 42-year-old real North Hills real estate agent pleaded guilty to a federal charge related to a Ponzi scheme that reportedly conned victims out of more than $2 million. Daily News

Police have arrested a 19-year-old suspect in the death of Anthony Hernandez, 19, who was fatally stabbed at a party in Sylmar on Sunday. Patch

A budgetary shortfall could result in the closure of the Colony Theatre in Burbank. In order to remain open, the company must raise $49,000 in the next two weeks and $500,000 by the end of the year, reports the Los Angeles Times.

A wooden fence surrounding a home that served as a hub for Occupy San Fernando Valley protestors has been bulldozed by Los Angeles City Officials, according to KPCC.

--Josh Cox, Times Community News

Follow Josh on Twitter @joshualcox