Beaverton, Oregon-based mixed-signal, mixed-technology modeling software specialist Analogy Inc has warned it will report a loss for the first quarter to June 30, and is to axe 15 % of its workforce. The company says it has to make the cuts to bring its outgoings in line with its incomings. Some 30 staff have been made redundant, following the company’s poor financial performance last year. Analogy is blaming the losses it saw last year on a couple of orders that failed to materialize. It will take an as of yet, undisclosed restructuring charge for the current quarter, but company spokesperson Lillian Tsai says Analogy is quietly confident about the remainder of the year.
