Cloudflare Cuts 1,100 Jobs as AI Usage Surges 600% — What It Means for the Industry
Cloudflare announced a major restructuring on May 7, 2026, laying off 1,100 employees — roughly 20% of its workforce — even as the company reports that AI-driven traffic on its network has skyrocketed by 600% year over year. The Numbers Behind the Decision In an internal memo, Cloudflare CEO Matthew Prince