Cloudflare Cuts 20% of Workforce Citing AI Productivity Gains as Quarterly Revenue Hits Record $639M
Cloudflare has announced its first-ever mass layoff, cutting approximately 1,100 employees — 20% of its workforce — as it reported record quarterly revenue of $639.8 million, a 34% year-over-year increase. Co-founder and CEO Matthew Prince and co-founder and president Michelle Zatlyn framed the cuts not as cost reduction but as a structural response to AI-driven productivity gains. Prince said […]