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12 Oct 2001
Computer Associates (CA) said on Thursday that it will cut 900 jobs, around five per cent of its 18,000 staff worldwide.
The world's fourth largest software maker said the job losses would be concentrated in North America, and would be immediate and made across a range of positions at the company.
CA said the cuts were a reflection of the current economic climate.
Sanjay Kumar, president and chief executive at CA, said: "The changes we are making reflect the complex realities that our company and many other companies are faced with today, and our staffing levels will be more appropriately geared to the new business model we introduced last year."
Shares in CA rose over two per cent to $29.70 yesterday.
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