Santa Ana-based MSC.Software Corp., which makes software used by manufacturers to test their designs, said Friday it will cut 85 jobs and consolidate facilities.
Severance costs and other charges are expected to be $6 million to $8 million, MSC said.
Chief Executive Bill Weyand said the changes, ” flattened the sales organization and eliminated layers of management and overhead within our corporate marketing, product development and global sales organizations.”
Just two months ago, MSC came out from under a Securities and Exchange Commission investigation into delayed and restated financial results dating back to 2001.
The probe didn’t result in any enforcement. The inquiry was preceded by the resignation of former Chief Financial Officer Louis Greco and a delisting from the New York Stock Exchange.
The company since has caught up with its filings and now is traded on Nasdaq.
