Edgio

Edgio laid off 80 employees representing approximately 10% of its workforce on 2024-03-04.

Edgio laid off 134 employees representing approximately 12% of its workforce on 2023-06-06.

In December 2022, Edgio, Inc., an IT services and consulting company, approved a restructuring plan to reduce operating costs and optimize its business model. As part of this initiative, the company announced a reduction in force affecting approximately 95 employees, which represents about 10% of its global workforce. The layoffs are expected to be implemented through the second quarter of 2023 and are projected to result in approximately $14 million in net annual savings. Concurrently, the company's Chief Growth Officer departed, with his duties being assumed by the CEO.