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News >> Technology >>
Computer Associates hires in India, China
By siliconindia
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Tuesday, 30 September 2003, 19:30 IST
NEW YORK: Computer Associates International Inc. plans to hire several hundred workers in India and China in the next year, its top executive told employees Friday.
The Islandia, New York-based company plans to add "a few hundred people" at a software development center in Hyderabad, India, and about 100 more jobs in China, Computer Associates Chief Executive Sanjay Kumar wrote in an internal memo.
Kumar, who was born in Sri Lanka, said Computer Associates' international expansion wouldn't come at the expense of its U.S. research staff or result in layoffs elsewhere in the company.
The business software maker is the latest large U.S. technology company to expand overseas to take advantage of lower labor costs.
Rival BMC Software Inc., Houston, announced plans in July to cut 13 percent of its work force, or about 950 jobs, and shift some development work overseas.
Computer Associates had about 16,000 employees at the end of March, with approximately 6,900 overseas. It dismissed about 450 employees in April as part of a reorganization of its services business.
New York Stock Exchange-listed Computer Associates shares ended Friday down 45 cents, or 1.7 percent, at $25.80. The stock has risen 91 percent so far this year.