Topic
Cloudflare
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ai21 days ago
Cloudflare Cuts 1,100 Jobs, About 20% of Workforce, in First Mass Layoff
Cloudflare announced its first mass layoff on Thursday, cutting about 20% of its workforce even as it reported record quarterly revenue of $639.8 million. CEO Matthew Prince attributed the cuts to massive productivity gains from AI adoption that began tipping internally last Nove…