Have you heard anything about potential CA Layoffs 2021? Any news or rumors?
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I heard Symantec employees will get axed due to poor financial performance of the products
So any new layoffs planned??
@2gxp+184vu66Y, pretty good analogy for the latter years of CA.
In the beginning Charles didn’t overpay. He bought companies, fired their management and gave CA salespeople something to reroll. Charles was also notoriously cheap with things like office space. He also knew what CA’s true role in the cycle of life was - scavenger. CA was the hyena to other company’s lions.
Bike boy was the final culmination of screwups. He invested money in a new Silicon Valley presence that attracted few and retained none, spruced up other offices, set up an executive office in CT months before the sale, and tried to make CA a growth company by wasting money on stupid acquisitions, none of which paid off. Not surprising coming from a mail order MBA guy with a receding hairline and tight bike shorts. But maybe he’s the smartest one of all with his $50 million golden parachute.
@2gxp+184vu66Y Bravo! A perfect historical piece of the continuous unloading of the "software museum pieces!"
ESD is like junk debt sent to collections.
Once that dog can no longer hunt (clarity, wily, rally, etc) it’s sent to the software graveyard (first collection agency) CA. It’s like Oracle CEO said, “CA is where good software goes to die”.
After CA has over paid for said dog, they seem to believe they can turn a profit. When in fact it would take a decade+ of profits to pay off the over priced acquisition. Revenues were simply intended to keep yearly company revenue from declining year over year
Fast forward a few years bike boy couldn’t impress investors with his rides nor his tight spandex shorts. Bike boy has destroyed the dogs and needs to call In another collection agency to rescue him.
Bike boy had a light bulb moment. Too much peddling wasn’t going to save CA he needed an octane powered bike!
That is where hock comes in. Bike boy traded in his soul and spandex for 50m from octane.
Broadcom was collection agency number 2. Now octane is fresh out , his dogs are tired stale and older than ever. Time to cash out.
Hcl thinks they can make these dogs hunt once more because they won’t pay severance, they won’t invest in new development either. 70% reduced staff.
yes there will be layoffs in 2021, 2022, 2023, 2024...
do you notice a pattern?
there will always be layoffs and/or surgical cuts. we work for what's essentially a PE firm. it's all about cost structure and the Tan-man don't like people. they cost too much.
The agreement will be finalized soon: ESD will be sold to HCL by the end of 2nd quarter. The few customers who could not afford to change their installed CA software have been squeezed already.