CA to Cut 1,000 Jobs as Focus Turns to Cloud
An internal CA memo announces the elimination of 1,000 jobs. The infrastructure-focused software company has been busy restructuring its business strategy around cloud products and has been in rapid-acquisition mode, having purchased three companies in 2010 already.
Enterprise software company CA announced it will be slashing 1,000 jobs from its workforce at the end of April, according to an internal memo from CEO Bill McCracken. As part of a larger business strategy with an emphasis on cloud products, CA has been rapidly expanding its product base with cloud company acquisitions. As part of the restructuring announced in an SEC filing, CA expects to have pretax charges for severance of $47 million and $3 million for "global office consolidation."
All of the job reductions will be complete by the end of the second fiscal quarter in 2010, with the majority of them occurring in North America, said the memo.