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22 Cloudflare Cuts 1,100 Jobs Amid Record Revenue To Pivot Toward AI

Ubergizmo
Paulo Montenegro @ Ubergizmo 1 place · today 14:20 EDT

Cloudflare, a prominent internet infrastructure and security firm, has announced the layoff of approximately 1,100 employees, representing 20% of its global workforce. The decision comes despite the company reporting its strongest financial quarter to date, with revenue reaching $639.8 million—a 34% increase compared to the previous year. While the company still reported a net loss of $62 million, its future contract backlog exceeds $2.5 billion, suggesting robust business health. CEO […]

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