InfrastructureUS

Fastly Layoffs

August 2024

Fastly announced a layoff affecting 0 employees (11% of its workforce) in August 2024. The company operates in the Infrastructure sector.

People Affected

Percentage

11%

Announced Date

Aug 8, 2024

About

Fastly, a content delivery network company, has announced a restructuring plan that includes reducing its global full-time workforce by approximately 11%. While the exact number of employees affected was not specified, this layoff is part of an effort to streamline operations, with the company estimating related charges between $9.5 million and $10 million. The move reflects broader adjustments within the tech industry as companies aim to optimize costs and improve efficiency amid evolving market conditions.