CA: Another Poor Quarter, Another Restructuring
CA Technologies this week reported its fifth consecutive quarter of declining revenue (down 3 percent in the first quarter ended March 31). In response the company said it would lay off 1,200 employees, consolidate its development operations and streamline its sales structure.
Michael Gregoire, who took over as CEO at the start of this year, has apparently discovered that the company needs a lot more work to return to a growth path, noted a Technology Business Research report by Jillian Mirandi with the headline, "It will get worse before it gets better."
The good news for partners is that the company continues to invest in the channel. "Growing our partner network is one of our key growth strategies," said channel chief David Bradley in a statement to CRN.