Cloudflare Called 1,100 Jobs Obsolete on Its Best-Ever Revenue Quarter
Cloudflare cut 1,100 jobs on May 7, 2026, the same day it reported a record $639.8 million quarter with revenue up 34% year over year. CEO Matthew Prince framed the cuts as a structural shift to an "agentic AI-first operating model," not a cost-saving exercise. Restructuring