MASSDEVICE ON CALL — Struggling Analogic (NSDQ:ALOG) announced this week that it will cut 50 jobs from various divisions in order to help cut costs in coming years.
The company didn’t offer many details about the layoffs, but said that the measure will help reduce costs by about $6 million starting in Q1 2015.
A company spokesperson told the Boston Business Journal that cuts would be made "across the board," affecting mainly engineering departments at any of its 3 main units.
Analogic has had a few rough months, with shares hitting a new 2-year low in May this year after a dismal earnings report and lowered guidance for fiscal 2014.
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