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Cloudflare Lays Off 1,100+ Employees (20% of Workforce) to Shift to AI-Driven Operations

GateNews
AI Industry News

According to Reuters, Cloudflare laid off over 1,100 employees, representing approximately 20% of its workforce, on May 8 to restructure operations around AI tools. CEO Matthew Prince stated the company is redesigning every team and function to adapt to an agentic AI era, noting internal AI usage grew more than sixfold over the past three months. Despite exceeding earnings expectations in Q1, Cloudflare’s stock fell roughly 19% in after-hours trading following the announcement.

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