Cloudflare Cuts 20% of Workforce in AI-Focused Restructuring
Cloudflare is laying off over 1,100 employees, representing 20% of its workforce, as part of an "AI-first" restructuring effort. The announcement also coincided with a quarterly revenue forecast that fell short of expectations.
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Cloudflare to cut 20% of staff in a big bet on AI. Investors aren’t sold.
Cloudflare’s stock falls as cofounders say the layoffs are “not a cost-cutting exercise.”
By William Gavin
Read full article →Read the memo: Cloudflare is laying off 1,100 employees to prepare for 'the agentic AI era'
Cloudflare is laying off 1,100 staff as it prepares for "the agentic AI era," the company announced on Thursday. Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images Cloudflare on Thursday announced layoffs of 1,100 staff as it reorganizes for "the agentic AI era." First-quarter earnings exceeded expectations, but Cloudflare shares dropped over 14% after hours. Read the full memo sent to staff below. Cloudflare is laying off more than 1,100 employees as the cybersecurity c...
Read full article →Cloudflare to cut over 1,100 jobs
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