Brief: Limelight Networks Says Improved Organizational Productivity Results In Annual Cash Cost Savings Of ~$15 Million

Edgio

18/03/2021 21:22

March 18 (Reuters) - Limelight Networks Inc  LLNW.O :
    * LIMELIGHT NETWORKS - IMPROVED ORGANIZATIONAL PRODUCTIVITY
THAT
RESULTS IN  ANNUAL CASH COST SAVINGS OF ABOUT $15 MILLION -
INCLUDING TARGETED WORKFORCE REDUCTION
    * LIMELIGHT NETWORKS INC - REDUCTION HAS DECREASED COMPANY'S
WORKFORCE BY APPROXIMATELY 16% AND RESULTS IN A Q1 PRE-TAX CASH
CHARGE OF ABOUT $3 MILLION

Source text for Eikon:  ID:nBw3MkmVVa 
Further company coverage:  LLNW.O 

 ((Reuters.Briefs@thomsonreuters.com;))