Business

Cloudflare layoffs and earnings report

Updated 2026-05-07 22:30 UTC 1 source Negative

Cloudflare announced a significant layoff of 1,100 employees due to AI changes, causing its stock price to drop by 18%.

Coverage timeline — 1 article
CNBC
The cloud provider announced it is laying off 20% of its workforce as agentic artificial intelligence "fundamentally changes" the company's work.
2026-05-07 22:19 UTC
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