Cloudflare Sinks 23% on AI Layoffs Despite Q1 Beat
Cloudflare fell 23% Friday after announcing 1,100 AI-driven job cuts, despite beating Q1 estimates and raising full-year revenue guidance to $2.81B.
tech layoffs ai
Cloudflare fell 23% Friday after announcing 1,100 AI-driven job cuts, despite beating Q1 estimates and raising full-year revenue guidance to $2.81B.