Limelight Networks introduced that the corporate is aiming for improved execution, profitability, and accelerated development with new actions. The corporate’s workforce has decreased by roughly 16% and leads to a first-quarter pre-tax money cost of roughly $3 million associated to severance, advantages, and transition help.
Bob Lyons, President and Chief Govt Officer, Limelight Networks, stated,
“Throughout our year-end convention name, we shared a refined technique to make sure our near- and long-term success that focuses on three key areas. The primary is enhancing our core CDN enterprise by pursuing a management place in proactive consumer efficiency whereas enhancing our value construction. The actions we’re saying right now are step one, and we count on to proceed to enhance our development and profitability by additionally increasing our core enterprise, securing larger share of site visitors and spend from current prospects whereas additionally rising our pipeline of recent alternatives. Moreover, we’re exploring alternatives that stretch our core enterprise. I’m inspired by the progress we’ve made in our first 30 days and the actions we’ve taken.”