Feeds

CA axes 800 jobs

On the long road to recovery

  • alert
  • submit to reddit

Security for virtualized datacentres

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

Beginner's guide to SSL certificates

More from The Register

next story
Microsoft on the Threshold of a new name for Windows next week
Rebranded OS reportedly set to be flung open by Redmond
Business is back, baby! Hasta la VISTA, Win 8... Oh, yeah, Windows 9
Forget touchscreen millennials, Microsoft goes for mouse crowd
SMASH the Bash bug! Apple and Red Hat scramble for patch batches
'Applying multiple security updates is extremely difficult'
Apple: SO sorry for the iOS 8.0.1 UPDATE BUNGLE HORROR
Apple kills 'upgrade'. Hey, Microsoft. You sure you want to be like these guys?
ARM gives Internet of Things a piece of its mind – the Cortex-M7
32-bit core packs some DSP for VIP IoT CPU LOL
Lotus Notes inventor Ozzie invents app to talk to people on your phone
Imagine that. Startup floats with voice collab app for Win iPhone
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.