Business & Tech
CA Technologies Plans to Layoff 500
Islandia-based technology firm expects to cut jobs despite increasing profits.
CA Technologies announced Tuesday it plans to layoff employees despite increasing profits.
The Islandia-based software company announced it intends to cut up to 500 jobs in the second quarter of 2011. Bill McCracken, chief executive of CA Technologies, said the layoffs are part of the company's ongoing plans to optimize business by reallocating resources from non-strategic areas to growth technologies and regions, and divesting non-strategic areas of the business.
CA Technologies would not say how many of the jobs lost would be from its Islandia office. It employees 1,600 people on Long Island.
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This news for employees came after the announcement that CA Technologies had seen a 9 percent increase in revenue, up $1.16 billion since this time last year.
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