Cloudflare Lays Off 1,100 Employees Due to AI Efficiency Improvements, Revenue Reaches Record High
Cloudflare announces layoffs of approximately 20% (1,100 employees) despite revenue growth. CEO Matthew Prince cites AI-driven efficiency gains, not performance issues, enabling leaner operations. Similar to Meta and Microsoft, the company optimizes workforce during high growth. Cloudflare's cybersecurity services cover millions of websites globally.....