Workforce reductions, SVB impact, CDN to edge, global cloud expansion, M&A
A busy week was highlighted by more macroeconomic turbulence, a few strategic developments and expansion activity across edge, hyperscale and subscale.
Tech layoffs have not been extensive across the infrastructure services ecosystem, but the sector has not been entirely immune either. Rackspace confirmed a workforce reduction amid slowing growth and Amazon will cut back further with the cuts including people from the AWS cloud division.
Meanwhile, the Silicon Valley Bank failure is reverberating across the technology sector. We take a closer look at how and where the impact will touch cloud and data centres.
The strategic side of the market continues to be slower, but there were some developments of note this past week. QuadraNet acquired CMS and infrastructure hosting and management assets from Contegix, while newly formed SDN provider Neutrality.one raised some capital.
There continues to be movement in edge computing. Akamai’s acquisition of Linode last year was meant to accelerate the transition from delivery to cloud and edge computing and that vision is looking clearer by the day. Akamai recently rolled out the Akamai Connected Cloud and outlined details about its computing infrastructure footprint expansion. We take a look at some of the details.
Edge was also a driver behind the American Tower acquisition of CoreSite late last year. CoreSIte’s reporting now sits within American Tower and we take a look at some KPIs.
Finally, there was more cloud expansion activity. Google Cloud added a cloud infrastructure region in Turin, Italy, OVHcloud brought online its latest APAC-based node in Mumbai, India and we have clues about where NAVER could be headed next.
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