
CA has looked into its crystal ball and now realizes that it might have been a tad ambitious in forecasting earnings of $1.60-$1.71 this fiscal year, pushing Wall Street to expect $1.69.
It'll probably come in on the low end of its guidance, it says, something Credit Suisse, for one, blames on expenses. So, apparently, does CA.
Therefore, in the name of "profitable growth" and efficiency, it's going to terminate a thousand people, about 8% of its global workforce, to right-size for its new cloud computing strategy.read more