Internap Axes CTO Position

Rob Powell, at Telecom Rumblings, has an interesting comment on Internap:

>>Internap Axes CTO Position

Of course, Eric Cooney just took over as the new CEO in March, and since then it apparently hasn’t been a fun place to work. The company laid off 10% of its workforce in April, including its cloud computing team, a bunch of systems engineers, and a wide array of middle management. Last month, it was their VP of engineering Steve Kiene who left the company, and now their CTO is leaving abruptly.

The company has been having trouble settling on a new path. Its core IP transit business remains weak, it doesn’t have the funds to build datacenter space indefinitely, and its CDN business remains in the industry penalty box. Perhaps the next move for Cooney is simply to sell the company - he wouldn’t much need a CTO if that were the case.