CA Technologies intends to lay off 500 employees as part of its cost-cutting effort. The layoffs constitute about 4% of its 1.400-strong total workforce.
The layoffs come despite the recent announcement that company earned $228 million for the quarter ended June 30, 2011, or 45 cents per share, compared with $221 million, or 43 cents per share, for the same period a year ago.
CA Technologies, formerly CA, Inc., and Computer Associates, Inc., is an independent enterprise information technology (IT) software and service company with capabilities across IT environments from mainframe and physical to virtual and cloud. CA develops and delivers software and services that help organizations to manage and secure their IT infrastructures and deliver flexible IT services.
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The Plant Prospector is a weekly e-mail service that identifies national, regional, and local plants and businesses in transition through layoffs, closings, and work force reductions. A reduction in the number of employees is an indication of a current or imminent change in the operations of an enterprise and is invaluable in identifying companies including private firms, small public companies, and subsidiaries of major corporations that are in flux. Plant Prospector is an ideal prospecting tool for firms that provide services to businesses in transition, such as temporary employment agencies and outplacement firms, and for companies whose business may be affected by change, such as suppliers, professional firms, and insurance companies.
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