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Cloudflare stock sinks 18% after earnings as company cuts 1,100 employees due to AI changes

CNBC Top Stories May 7, 2026 · 10:19 pm Read Original

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Cloudflare stock sinks 18% after earnings as company cuts 1,100 employees due to AI changes

The cloud provider announced it is laying off 20% of its workforce as agentic artificial intelligence "fundamentally changes" the company's work.

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Generated by Pulse AI, Glideslope's proprietary engine for interpreting market sentiment and economic signals. For informational purposes only — not financial advice.

Source CNBC Top Stories

Published May 7, 2026 · 10:19 pm

Article ID og2la40

Original URL Open source

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