CA layoffs, on the record
Every job cut, severance charge and restructuring CA reported in its annual reports, 2016 to 2018, quoted from the filings. Headcount went from approximately 11,000 to approximately 11,300.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2016 | approximately 11,000 | March 31, 2016 |
| 10-K for 2017 | approximately 11,800 | March 31, 2017 |
| 10-K for 2018 | approximately 11,300 | March 31, 2018 |
Job cuts, severance and restructuring
Our summaryFiscal 2015 Severance Actions: the company terminated approximately 690 employees in the fourth quarter of fiscal 2015 to improve efficiencies and align the business with strategic objectives.
Word for word“These actions comprised the termination of approximately 690 employees and resulted in a charge of approximately $40 million during the fourth quarter of fiscal year 2015.” 10-K for 2016
Our summaryFiscal 2014 Rebalancing Plan: the board approved a rebalancing plan that included terminating employees and consolidating global facilities.
Word for word“This included the termination of approximately 1,900 employees and global facilities consolidations.” 10-K for 2016
Our summarySeverance and facility consolidation actions under the Fiscal 2014 Plan were substantially completed by the end of fiscal year 2014.
Word for word“Severance and facility consolidation actions under the Fiscal 2014 Plan were substantially completed by the end of fiscal year 2014.” 10-K for 2016
Our summaryFiscal 2015 Severance Actions were substantially completed by the first quarter of fiscal 2016.
Word for word“The Fiscal 2015 Severance Actions were substantially completed by the first quarter of fiscal year 2016.” 10-K for 2016
Our summaryAccrued severance and exit costs: the company recorded a fiscal 2016 expense of $19 million and fiscal 2015 severance charges of $60 million against accruals, with an accrued balance at March 31, 2016 of $3 million severance and $16 million facility exit.
Word for word“Accrued severance and exit costs and changes in the accruals for fiscal years 2016 , 2015 and 2014 were as follows: (in millions) Accrued Balance at March 31, 2015 Expense Change in Estimate Payments Accretion and Other Accrued Balance at March 31, 2016 Severance charges $ 28 $ — $ (3 ) $ (22 ) $ — $ 3 Facility exit charges 21 — — (5 ) — 16 Total accrued liabilities $ 49 $ 19 (in millions) Accrued Balance at March 31, 2014 Expense Change in Estimate Payments Accretion and Other Accrued Balance at March 31, 2015 Severance charges $ 55 $ 60 $ (7 ) $ (77 ) $ (3 ) $ 28 Facility exit charges 29 — — (9 ) 1 21 Total accrued liabilities $ 84 $ 49” 10-K for 2016
Our summarySeverance costs of $10 million recorded in selling and marketing expenses during the fourth quarter of fiscal 2015 under the severance actions.
Word for word“These decreases were partially offset by $10 million in severance costs during the fourth quarter of fiscal 2015.” 10-K for 2016
Our summarySeverance costs of $5 million recorded in general and administrative expenses during the fourth quarter of fiscal 2015 under the severance actions.
Word for word“These decreases were partially offset by $5 million in severance costs during the fourth quarter of fiscal 2015.” 10-K for 2016
Our summarySeverance costs of $16 million recorded in product development and enhancements during the fourth quarter of fiscal 2015 under the severance actions.
Word for word“The decrease in personnel-related costs was partially offset by $16 million in severance costs during the fourth quarter of fiscal 2015.” 10-K for 2016
Our summaryFiscal 2017 severance actions increased personnel-related costs in the Services operating margin, which fell to 0% for fiscal 2017.
Word for word“Operating margin for Services decreased to 0% for fiscal 2017 compared with 7% for fiscal 2016 primarily due to an overall decline in professional services revenue and an increase in personnel-related costs as a result of severance actions during fiscal 2017.” 10-K for 2017
Our summaryFiscal 2017 payments on the Fiscal 2014 Rebalancing Plan and prior period restructuring plans were included in operating cash disbursements, with a severance charge balance of $1 million remaining at March 31, 2017.
Word for word“For fiscal 2017, amount includes $49 million of payments in connection with the litigation settlement agreements, payments associated with the Fiscal Year 2014 Rebalancing Plan (Fiscal 2014 Plan), interest, prior period restructuring plans and miscellaneous receipts and disbursements.” 10-K for 2017
Our summaryThe Board approved a restructuring plan (Fiscal 2019 Plan) to better align business priorities, covering employee terminations and global facility exits and consolidations.
Word for word“On May 2, 2018, the Company's Board of Directors approved a restructuring plan (“Fiscal 2019 Plan”) to better align its business priorities.” 10-K for 2018
Our summaryThe company expects the Fiscal 2019 Plan to cost between $140 million and $160 million before tax, including severance and facility exit costs.
Word for word“Under the Fiscal 2019 Plan, the Company expects to incur a pre-tax charge between approximately $140 million and $160 million (including severance costs between approximately $90 million and $100 million and facility exit and consolidation costs between approximately $50 million and $60 million ).” 10-K for 2018
Our summaryThe company announced a restructuring plan that includes workforce reductions, global facility exits and consolidations, and other cost reduction initiatives.
Word for word“In May 2018, we announced a restructuring plan, which includes workforce reductions, global facility exits and consolidations and other cost reduction initiatives, to better align our business priorities.” 10-K for 2018
Our summarySeverance actions in fiscal 2017 lowered personnel-related costs in professional services and raised operating margin in fiscal 2018.
Word for word“Operating margin for professional services increased to 4% for fiscal 2018 compared with 0% for fiscal 2017 primarily due to an increase in professional services revenue from our Automic and Veracode acquisitions and a decrease in personnel-related costs resulting from severance actions during fiscal 2017.” 10-K for 2018
CA filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from CA’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2018-05-09. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.