Cloudflare cuts workforce by 20% in 'AI-first' restructuring

May 7 : Cloudflare said on Thursday it would lay off about 20 per cent of its workforce as part of a shift toward an "agentic AI-first operating model," as the internet services company restructures around artificial intelligence.Shares of Cloudflare fell 14 per cent in extended trading, despite posting stron
2026-05-07 20:47:26