AI & Jobs Cloudflare's May 7 「AI-First」 Memo: 1,100 Out, a 34% Revenue Beat, and a Stock That Dropped 18% Anyway
On May 7 Cloudflare announced 1,100 layoffs (~20% of staff) on the same call where it printed 34% YoY revenue growth and raised guidance to 30%. The stock dropped 18%. CEO Matthew Prince says internal AI usage is up 600% in three months and the cuts target 「support roles behind the people creating code」.