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Article Bezinga News

Cloudflare Cuts 20% Jobs Despite Strong Q1 As It Goes 'Agentic AI-First'

Bezinga News May 8, 2026 · 6:46 am Read Original
Bullish 66.8
−100 Bearish 0 +100 Bullish
Cloudflare Cuts 20% Jobs Despite Strong Q1 As It Goes 'Agentic AI-First'

Cloudflare Inc. (NYSE:NET) reported a strong first-quarter revenue beat but simultaneously announced it will cut roughly 20% of its global workforce as the web infrastructure giant fundamentally restructures its operations around artificial intelligence (AI).
‘Agentic AI-First’ Future
Despite posting a 34% year-over-year revenue increase to $639.8 million, Cloudflare is shedding over 1,100 jobs. The company stressed that the move is not a defensive measure against macroeconomic headwinds, but rather a strategic pivot to an “agentic AI-first” operating model.
CEO Matthew Prince explained that massive internal productivity gains from AI technologies prompted the reorganization. Cloudflare's internal use of AI tools surged 600% in just the last three months, with 97% of its engineers now acti

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Article Info
Source Bezinga News
Published May 8, 2026 · 6:46 am
Article ID 1a5mtdq
Original URL Open source
Sentiment Signal
Bullish 66.8
−100Neutral+100
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