Business software maker CA to cut 1,000 jobs

ISLANDIA, N.Y. — Business software company CA Inc. said today that it's cutting 1,000 jobs — or about 8 percent of its work force — and consolidating offices as part of a restructuring plan to reduce costs and become more efficient.

The company also steered earnings expectations to the lower end of its previous guidance for the year. Its shares tumbled more than 5 percent.

"I recognize that the actions we're taking are difficult. But in the end, they will make CA stronger and more competitive," CEO Bill McCracken said in a memo to employees Tuesday.

The job cuts will occur mainly in North America and mostly be completed by the end of September, according to a filing with the Securities and Exchange Commission.

The Islandia, N.Y., company already has shed 3,100 positions over the last three years amid office closings.