Topics regarding layoffs at Akamai Technologies Inc.

Topics regarding layoffs at Akamai Technologies Inc.

Akamai has a pattern

Buy companies for top $$ (linode for $900 million), ondat, neosec and then lay off employees from its existing business for trying to meet profitability goals. What a sham.

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Post ID: @OP+1p9QrCBW

Ongoing layoffs

We finally got official confirmation on what we've all been saying has been going on for months: layoffs. At least a couple of hundred folks were kicked out since January. I wish the management told us sooner what was going on. The rumors have been... — read more 

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Post ID: @OP+1myqswBw

Layoffs acknowledged in earnings call

And here it is ... from https://www.fool.com/earnings/call-transcripts/2020/02/11/akamai-technologies-inc-akam-q4-2019-earnings-call.aspx Moving on to earnings. It is worth noting that our Q4 GAAP results include a $10 million restructuring... — read more 

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Post ID: @OP+13tEOzvq

Akamai does not actually develop any technology

Remember, Akamai is really just a bunch of web caching proxies (Squids). They have a lot of contracts with a lot of companies, and that can sustain a company for a while. Akamai does not actually develop any technology. Instead, they buy smaller... — read more 

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Post ID: @OP+Z27Scka

Akamai lay off in US Mar 2019

In the name of focussing investment in new areas of business, Akamai eliminated 120 positions primarily in US. The real motive of the layoff was to move the jobs to low cost countries like India, Costa Rica and Poland. Akamai is still hiring and... — read more 

Absolutely appalling leadership at Akamai

They laid off people who actually did any work at Akamai, while the Vice Presidents, Directors and all their ancillary staff who contributed so little and were the fundamental reason for cost overruns have been spared. Not to mention frivolous... — read more 

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| 4182 views | | 4 replies (last March 3, 2021)
Post ID: @OP+S7yPtLZ

400 Laid off

Layoffs happen, but they don't have to happen like this. Confusion, rumors, chaos, fear. Zero communication whatsoever. Just guards roaming the halls, people sobbing with boxes, access revoked like criminals, managers telling you to keep quiet. 7... — read more 

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| 4673 views | | 2 replies (last December 18, 2018)
Post ID: @OP+REV16Wi

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