Cloudflare stock sinks 18% after earnings as company cuts 1,100 employees due to AI changes
CNBC
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The cloud provider announced it is laying off 20% of its workforce as agentic artificial intelligence "fundamentally changes" the company's work.
Cloudflare announces major layoffs
- Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high Techcrunch —
- 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 —
- California tech company Cloudflare to lay off more than 1,000 workers, cites AI Los Angeles Times —
- Cloudflare expects $2.805B-$2.813B 2026 revenue as it shifts to an agentic AI-first model with ~20% workforce reduction Seeking Alpha —