Limelight Networks, a cloud-based content delivery provider based in Scottsdale, said Thursday that it plans to lay off approximately 16% of its 600-person global workforce, or roughly 100 employees. The company, which employs 230 people in Arizona, said it could not provide any additional information about the layoffs, such as an exact number of employees that would be terminated, or whether any Arizona employees would be impacted. The company said it will provide additional information during its first-quarter earnings call next month. Limelight (Nasdaq: LLNW) works with streaming platforms such as Amazon and Sony to facilitate the delivery of content to screens around the globe. Despite the increase in streaming activity as people hunkered down during the pandemic, Limelight's business has suffered.
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The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source. We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.