[BIG TECH]■ STORY TIMELINE
CLOUDFLARE CUTS 1,100 JOBS DESPITE 34% REVENUE GROWTH
Cloudflare reported Q1 revenue of $639.8 million, up 34% year-over-year, while announcing plans to eliminate more than 1,100 jobs globally as part of a shift to an agentic AI-first operating model. The stock dropped over 13% in after-hours trading.
Bloomberg Tech+0m
Cloudflare Inc. plans to cut more than 1,100 jobs globally as it accelerates its shift to an agentic AI-first operating…
Techmeme+0m
Ignacio Gonzalez / Bloomberg: Cloudflare reports Q1 revenue up 34% YoY to $639.8M, plans to cut 1,100+ jobs as it shifts…