Akamai Cuts 7% Of Workforce, 110 Layoffs Across All Divisions Of The Company
Akamai said late today that it would cut 7% of their workforce, or about 110 employees, and will take a $4 million quarterly charge as a result. (8-K) Not good news for the CDN industry and this could be the first sign that the CDN market could see some effects from the poor economy, even with all the money that the content delivery networks have raised.
Will provide more details if I get them. While Akamai is not saying how many layoffs happend in each group, they did confirm that the cuts are across all divisions of the company and that all 110 layoffs took place today. With 58 current job openings listed on their website, I would expect that will change over the next few days as well.
Updated: In regards to all of the open job postings on the Akamai website, Akamai says that they are still hiring for some specific roles, for instance within their Advertising Decision Solutions line. Exactly how many open jobs they still have is not known at this time.