Akamai Technologies Inc, who mainly provides for file hosting services for businesses and web acceleration, has decided that the demand they saw with all these pre-school named Web2.0 companies might not continue as they die off in a Web2.0 Darwinian natural selection and has pulled the plug on 110 of their employees.
In a strange twist of events, they also got into the property business somewhat and sublease some of their property to some companies who have either moved out or bankrupted, since they will be taking a charge related to that on their books.
Akamai is based in Boston, MA.
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