CA (Computer Associates) to cut 1,000 jobs

[FarCenter]

By Chris Kanaracus
April 6, 2010 11:06 AM ET

IDG News Service - CA is planning to cut about 1,000 jobs, or roughly 7.7% of its workforce, according to a document filed today with the U.S. Securities and Exchange Commission.

The plan will also involve the consolidation of facilities. CA will incur a pre-tax restructuring charge of about $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.

<SNIP>http://www.computerworld.com/s/article/9174865/CA_to_cut_1_000_jobs?source=CTWNLE_nlt_pm_2010-04-06