Cloudflare Posts Record Revenue and Announces 20% Workforce Reduction Amidst AI Integration

Cloudflare reported record revenue growth while announcing layoffs of 20% of its workforce, primarily affecting middle management roles. CEO Matthew Prince attributed the cuts to advancements in AI rendering certain job categories obsolete.

By Jake Angelo Fri, May 22, 2026 at 12:09 AM GMT+3 3 min read · Yahoo Finance · May 21, 2026, 21:09 UTC

Tickers: $META $NET

Topics: AI Cloudflare layoffs workforce reduction

Read the full article at Yahoo Finance

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