Fergie's Tech Blog

CA to Cut 1,700 Jobs

Via Bloomberg News.

CA Inc., the world's No. 2 maker of mainframe computer software, said it will cut about 1,700 jobs, or 11 percent of its workforce, after first-quarter profit tumbled.

The cuts come on top of 1,600 reductions in the past two years as Chief Executive Officer John Swainson struggles to revive the former Computer Associates from a $2.25 billion accounting fraud.

posted by Fergie @ 8/14/2006 03:07:00 PM