Cloudflare Cuts 20% of Staff in Move to AI-First Model
Cloudflare is cutting 1,100 jobs to shift toward an AI-driven model. Shares fell 14% despite a first-quarter revenue beat and rapidly rising usage of AI agents.
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CLOUDFLARE INC - CLASS A will cut 20% of its workforce, or 1,100 jobs, to pivot toward an agentic AI-first operating model. The restructuring follows a 600% surge in AI usage over three months. The layoffs mark the latest AI-driven workforce reduction in the tech sector as companies automate operations.
