Cloudflare stock sinks 18% after earnings as company cuts 1,100 employees due to AI changes

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May 7, 2026 - 23:06
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Cloudflare stock sinks 18% after earnings as company cuts 1,100 employees due to AI changes
The cloud provider announced it is laying off 20% of its workforce as agentic artificial intelligence "fundamentally changes" the company's work.

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