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.
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
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
More than a hundred people cut yesterday at Akamai. Do we know for sure that was it?
Heard a rumor. Probably one day this week, 13 Jan 2020.
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
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
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
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
EXTENSIVE LAYOFFS @ AKAMAI
Akamai's media business will fire around 150-200 people come December. Lots of products are being eliminated.
I left in 2014 and heard that you may be having significant cuts in 2016. Any truth here?