Cloudflare Stock Drops 18% After Layoffs Due to AI Changes

Cloudflare's stock fell significantly after the company announced it would lay off 20% of its workforce, citing agentic artificial intelligence as a fundamental change to its operations.

7 May, 22:19 — 7 May, 22:19

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cnbcMostly Factual1h ago

Cloudflare stock sinks 18% after earnings as company cuts 1,100 employees due to AI changes

The cloud provider announced it is laying off 20% of its workforce as agentic artificial intelligence "fundamentally changes" the company's work.

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Cloudflare Stock Drops 18% After Layoffs Due to AI Changes

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Cloudflare stock sinks 18% after earnings as company cuts 1,100 employees due to AI changes

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