Cloudflare Forecast Misses Estimates, Announces Job Cuts
Cloudflare Inc. stock fell on Thursday after the company said it would slash jobs and gave a forecast for revenue that fell short of analysts’ expectations.
Cloudflare announces major layoffs
- Cloudflare, whose CEO is said to personally send every offer letter company extends, is laying off 1,100 employees; HR memo says: In the last three months, our ... Times Of India —
- Bloodbath at Silicon Valley giant as CEO’s savage memo to staff emerges NY Post —
- Cloudflare stock sinks 18% after earnings as company cuts 1,100 employees due to AI changes CNBC —
- California tech company Cloudflare to lay off more than 1,000 workers, cites AI Los Angeles Times —
- Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high Techcrunch —