BOULDER, Colo.—SignalSoft Corp. axed approximately 80 employees, bringing its work force down to 150.
The company said three weeks ago it would be reducing headcount due to lower-than-expected sales.
“These cost reductions will strengthen our ability to meet our financial targets,” said David Hose, president and chief executive officer of SignalSoft.
SignalSoft said it expects to report first-quarter revenues next week of $3.8 million to $4 million, down from previous expectations of $4.1 million to $5 million.
