Cloudflare announced its first-ever mass layoff, cutting 1,100 employees, or 20% of its workforce, on Thursday while reporting record quarterly revenue of $639.8 million, a 34% year-over-year...

May 7 : Cloudflare said on Thursday it would lay off about 20 per cent of its workforce as part of a shift toward an "agentic AI-first operating model," as the internet services company restructures around artificial intelligence.Shares of Cloudflare fell 14 per cent in extended trading, despite posting stron

May 7 : Cloudflare said on Thursday it would cut about 20 per cent of its workforce as the company restructures operations around the rapid adoption of artificial intelligence tools, and forecast second-quarter revenue slightly below Wall Street expectations.The internet infrastructure and cybersecurity compa