Akamai stock jumps after it beat on earnings and said it cut 5% of global workforce

CNBC -

CNBC—Total revenue for the cloud company rose 7.7 percent to $663.5 million, beating analysts' estimates.

Akamai has laid off 400 workers or 5 percent of global workforce. Akamai, the Cambridge Massachusetts content delivery network and network services provider, announced they had laid off 400 people in their earnings call with analysts yesterday. On the call, Akamai CEO Tom Leighton indicated that the 400 people represented 5 percent of the the company’s 8000 worldwide workforce. “As part of our effort to improve operational efficiency, we… Read More