CA Technologies announces plans to cut 800 jobs in latest results
Mike Gregoire, CEO of CA Technologies, the publicly-listed multinational software company, has outlined plans cut 800 jobs as the company looks ahead to recruit teams equipped with skills and experiences necessary to drive the business forward.
In the fiscal Q4 2018 earnings call, Gregoire explained that the company, which specialises in tooling for continuous delivery, had made “extraordinary” progress on many fronts over the years, but are committed to continuous improvement. “I know that we need to move forward faster,” he said. “A cross-business unit, cross-functional organisational alignment is required as we push with greater intention to shift more of our business to a subscription-based model.”
The changes will involve moving more teams into the company’s centers of excellence he said. “This migration of our teams into fewer, larger locations supports our agile methodology.”
He added that the changes with regard to both site consolidation and to the workforce will enable the company to invest more in specific areas within product development, increase investment in customer success, and employ a greater number of better aligned go-to-market resources.
CA Technologies has reported revenues of $1.08 billion, an increase of 7% year over year. Additionally, it reported total year revenue of $4.24 billion.