Feeds

CA axes 800 jobs

On the long road to recovery

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Computer Associates is to shed 800 workers this year - or five per cent of its staff - as part of a restructuring plan designed to help it to save a further $75m a year.

CA said its latest round of job cuts are focused on "improving productivity and simplifying the product portfolio in research and development, improving overall sales performance, driving efficiencies in back-office operations and international operations". The planned redundancies follow the loss of 800 jobs at CA under a similarly focused sliming down operation announced in September 2004.

The firm expects to take a Q2 2006 hit of between $50m to $75m to finance the latest round of layoffs, which will be implemented worldwide. The job cuts are part of CA's plan to refocus its business around providing systems and security management products for enterprise customers following a turbulent year as it recovers from a long-running accountancy scandal that has resulted in criminal charges against some of its former executive leadership, including ex-chief exec Sanjay Kumar.

News of the job cuts came as CA announced Q1 2006 profits of $94m and revenues of $920m for the three months up to June 30 2005. This compares to profits of $40m on revenue of $850m for Q1 2005. CA expects to book revenues of between $930m to $960m for Q2 2006. ®

Related stories

CA to restate five years of figures
CA to shed 800 workers
CA boss charges detailed
CA's Kumar pleads not guilty to fraud
CA re-organises management
CA reorganisation puts emphasis on security
CA aims to curb spam with Qurb
CA snaps up Niku
CA taps Concord for network management push

Security for virtualized datacentres

More from The Register

next story
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
Sign off my IT project or I’ll PHONE your MUM
Honestly, it’s a piece of piss
Return of the Jedi – Apache reclaims web server crown
.london, .hamburg and .公司 - that's .com in Chinese - storm the web server charts
Chrome 38's new HTML tag support makes fatties FIT and SKINNIER
First browser to protect networks' bandwith using official spec
UNIX greybeards threaten Debian fork over systemd plan
'Veteran Unix Admins' fear desktop emphasis is betraying open source
Admins! Never mind POODLE, there're NEW OpenSSL bugs to splat
Four new patches for open-source crypto libraries
Torvalds CONFESSES: 'I'm pretty good at alienating devs'
Admits to 'a metric ****load' of mistakes during work with Linux collaborators
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.