Cloud Computing: CA To Lay Off 1,200 Employees, Consolidate DevOps
Grazed from CRN. Author: Rick Whiting.
CA Technologies will lay off approximately 1,200 employees worldwide and consolidate its development operations after the company reported disappointing fourth-quarter financial results. The company expects to carry out the majority of the cutbacks by the end of the current quarter in June and will take a charge of approximately $150 million in fiscal 2014 to cover those costs.
CA reported revenue of $1.15 billion for the fourth quarter ended March 31, a decline of 3 percent from $1.18 billion in the same period one year earlier. Income from continuing operations was $242 million, up 15 percent from $211 million last year…


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