CA cutting 1,000 jobs

CA is planning to cut about 1,000 jobs, or roughly 7.7 percent of its workforce, according to a document filed on Tuesday with the US Securities & Exchange Commission.

The plan will also involve the consolidation of facilities. CA will incur a pre-tax restructuring charge of about US$50 million in severance and other expenses, according to the filing.

The vendor also said its fiscal 2010 earnings would fall at the low end of a previously released range of $1.46 to $1.57 per share.

CA competes with BMC, IBM and Hewlett-Packard in the IT management software arena.

The cost-cutting moves announced on Tuesday follow a number of acquisitions by CA in recent months, including a US$350 million deal to buy IT performance monitoring vendor Nimsoft, which was announced in March.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags cainternational news

Show Comments
[]