Cambridge, Mass. - Amid the rapid deceleration of the economy, Akamai Technologies (NASD: AKAM), a provider of content delivery network services, announced on Thursday that it will cut 7% of its workforce -- or 110 employees -- as part of a restructuring plan.

The company said the move will cost about $4 million in restructuring charges.

"We have not changed our business outlook," said JD Sherman, the CFO of Akamai. "However, we want to ensure that we can keep investing for growth even in the current economic climate."

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