Cloudflare cuts 20% of its jobs due to AI, and its stock takes a 19% spill — 1,100 jobs disappearing as company increased usage of AI sixfold over past months

Source: Tom’s Hardware

Image credit: Getty Images

Cloudflare cuts 20% of its workforce

Cloudflare announced its quarterly results alongside a significant reduction in staff, cutting 20% of its workforce—equivalent to 1,100 jobs—as the company has increased its usage of AI sixfold over the past few months.

For more details, see the Reuters report: Cloudflare cuts over 1,100 jobs.