Akamai to cut 7 percent of staff

by jordan | November 20, 2008 at 09:37 am
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Akamai, the web traffic management service that you may be using as we speak, is laying off 7% of its workforce.

Cambridge, Mass.-based Akamai expects to cut 110 positions in the fourth quarter, a move that is anticipated to result in a $4 million restructuring charge.

"We have not changed our business outlook," J.D. Sherman, Akamai CEO, said in a statement. "However, we want to ensure that we can keep investing for growth even in the current economic climate."

Funny enough, this isn't mentioned in the NEws & Events section of the company website.

The company didn't break out the number of job cuts by location and declined to say how many would be shed at its headquarters, where it employs about 650 workers in two Kendall Square buildings. Overall, it employed more than 1,500 worldwide at the end of September.

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