CA takes axe to jobs

Software giant CA said that it will lay off around 1,000 people worldwide as part of a restructuring plan.

The firm said it will also make “global consolidations”, and will accrue a charge of around $50 million as part of the redundancies.

The expenses of its fiscal 2010 restructuring plan will be included in its fourth quarter results, it said in an SEC 8-K filing.

CEO Bill McCracken told his employees that CA needs to become leaner and meaner and more competitive.  Most of the jobs will go in the United States.

CA wants to complete the majority of the layoffs by the end of this month. Shares of CA fell slightly on NASDAQ to stand at $23.11 at press time.