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Cloudflare Announces 1,100 Layoffs, Cites AI Era and Revenue Shortfall
Cloudflare is laying off over 1,100 employees, approximately 20% of its workforce, as it prepares for the 'agentic AI era' and reports a quarterly revenue forecast shortfall.
7 May, 20:47 — 7 May, 21:26
The Story
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Source Diversity
Moderate (32/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
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Business Insider
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Right (1)
channel-news-asia
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Geographic diversity— 2 regions9/34
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Sources
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Business InsiderMostly Factual28m ago
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 →channel-news-asiaMostly Factual1h ago
Cloudflare to cut over 1,100 jobs
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First report: channel-news-asia · 7 May, 20:47|Full coverage: 2 · 39m|Window: 39m
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