Cloudflare AI layoffs
Cumulative jobs cut · Cloudflare
Timeline
- May 7, 2026−1,100 cutExplicitTechnology · US
Roughly 20% of workforce, announced via SEC 8-K alongside strong results (revenue +34% YoY); framed as a shift to an 'agentic AI-first operating model' rather than cost-cutting. Stock fell sharply.
CEO Matthew Prince: 'We have seen that there are roles at Cloudflare that are not the roles we need for the future... The people embracing these tools are so much more productive than we have ever seen before.' Company said internal AI usage rose 'more than 600% in the last three months'.
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