CA Says “See Ya” to 1,000 Employees

According to a new report from the Bureau of Labor Statistics, layoffs are declining. Sadly, that’s not the case at CA (CA)–or Computer Associates, as it was once known. The software company is sacking 1,000 employees, about eight percent of its staff, according to a filing Tuesday with the Securities and Exchange Commission. Driving the cuts: CEO Bill McCracken’s need to make CA “leaner, more focused, more competitive and more effective” in its execution.

“As difficult as they are, these actions are necessary to focus our skills and investments on those activities that support our corporate strategy and have the greatest impact on our performance, growth and customer loyalty,” McCracken said in an all-hands memo.

“The industry and the market are changing, and we have to change, tooI…,” the CEO added. “It’s not enough to accelerate our growth. Our objective is profitable growth. You can never cut your way to growth. And I recognize that the actions we’re taking are difficult. But in the end, they will make CA stronger and more competitive.”