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Limelight to reduce workforce by 16%

Friday 19 March 2021 | 09:49 CET | News
Limelight Networks, which said last month that it had "work to do" to improve operations, has announced a number of initiatives aimed at helping its execution and profitability and at accelerating growth. The company will focus on boosting its core business, but also on cutting costs, including a workforce reduction of 16 percent. The company added that more measures may be forthcoming in the future but that it is confident it will be able to achieve its adjusted EBITDA guidance of USD 20-30 million for 2021.

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Categories: Internet
Companies: Limelight Networks
Countries: World
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