Cloudflare To Cut More Than 1,100 Jobs In Latest AI Layoff. Stock Falls.
AI Summary
Cloudflare announced it will lay off over 1,100 employees as a result of increasing AI integration within the company, leading to a decline in its stock price. This significant workforce reduction highlights the ongoing impact of AI on employment in tech sectors.
Cloudflare stock falls after the company announced a plan to cut more than 1100 people as AI use at the cybersecurity firm grows.