product · May 20, 2026
Cloudflare Stock Falls 18% After Announcing 1,100 Layoffs Framed as AI Transformation
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Cloudflare cut 1,100 people and labeled the action an AI transformation on May 18, 2026. The company reported internal AI usage up 600% in three months alongside Q1 record revenue. Stock fell 18% after the announcement despite Wall Street expectations of reward. Dr. Josh C. Simmons posted the details on X reaching 339 likes and 35 reposts.
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