CA will cut about 1,700 jobs as it attempts to cut costs, after its net income fell 64 percent in its 2007 first quarter, which ended June 30.The layoffs are part of a cost-reduction plan that also includes consolidation of facilities and other measures. The plan is expected to yield about US$200 million in annualized savings when completed toward the end of fiscal 2008, the Islandia, N.Y., company said Monday.Revenue in 2007’s first quarter increased 3 percent to $956 million, while net income fell to $35 million, or $0.06 per share, from $97 million, or $0.16 per share, in last year’s first quarter. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe CA blamed a 9 percent increase in expenses in the quarter on higher personnel costs from its recent acquisitions, among other things. -Juan Carlos Perez, IDG News Service (Miami Bureau)Related Link: Sun Lays Off up to 5,000 WorkersCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Four Leadership Motions make leading transformative work easier The Four Leadership Motions can be extremely beneficial —they don’t just drive results among software developers, they help people make extraordinary progress wherever they lead. By Jason Fraser, Director, Product Management & Design, VMware Tanzu Labs, Public Sector Sep 21, 2023 5 mins IT Leadership feature The year’s top 10 enterprise AI trends — so far In 2022, the big AI story was the technology emerging from research labs and proofs-of-concept, to it being deployed throughout enterprises to get business value. This year started out about the same, with slightly better ML algorithms and improved d By Maria Korolov Sep 21, 2023 16 mins Machine Learning Artificial Intelligence opinion 6 deadly sins of enterprise architecture EA is a complex endeavor made all the more challenging by the mistakes we enterprise architects can’t help but keep making — all in an honest effort to keep the enterprise humming. By Peter Wayner Sep 21, 2023 9 mins Enterprise Architecture IT Strategy Software Development opinion CIOs worry about Gen AI – for all the right reasons Generative AI is poised to be the most consequential information technology of the decade. Plenty of promise. But expect novel new challenges to your enterprise data platform. By Mike Feibus Sep 20, 2023 7 mins CIO Generative AI Artificial Intelligence Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe