Are they going for over 10%? Is anybody safe? Stock plummeted all the way to 5.55 today, so there is that.
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Per the 8-K filed today: "On August 7, 2024, in an effort to streamline its organization, Fastly, Inc. (the “Company”) committed to a restructuring plan to reduce expenses (the “Plan”), including a reduction of our global headcount by approximately 11% of our global full time employees."