Cloudflare lays off 1100 employees, CEO who claims he personally sent offer letter to all staff; says: We didn’t cut jobs because Cloudflare is struggling; but …
Earlier this month, Cloudflare said that it would cut about 20% of its workforce as the company restructures operations around the rapid adoption of artificial intelligence (AI) tools, and forecast second-quarter revenue slightly below Wall Street expectations. The internet infrastructure and cybersecurity company is laying off more than 1,100 jobs globally. The layoff announcement was…