Cloudflare Shares Drop 18% After Earnings, Cuts 1,100 Jobs Over AI Shift
ArchivedGlobal|5 articles|5 sources|4 blocks
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Reported Facts
Observable data points shared across all narratives
- •Cloudflare plans to lay off about 20% of its staff, equal to roughly 1,100 employees.
- •The company linked the job cuts directly to changes in operations driven by artificial intelligence adoption.
- •Cloudflare’s stock fell about 18% on 2026-05-07 following the release of its earnings report.
- •The workforce reduction is described as global, affecting employees in multiple regions rather than a single country.
- •Cloudflare is reorganizing internal processes so that some tasks previously done by staff are now handled by AI tools.
- •The layoffs were announced within a day of the earnings-related share price drop, tying the restructuring to investor reaction.
- •Regional outlets in Russia, Africa, and Southeast Asia all reported the same 20% workforce reduction figure.
- •Financial press coverage linked the stock decline to both the earnings results and concerns over the scale of AI-related restructuring.
What Could Happen If...
- ▸If Cloudflare’s AI tools quickly improve productivity and margins after the layoffs The company could restore investor confidence, helping its share price recover and stabilizing remaining jobs.
Source Coverage
RU
1 articles
AFRICA
1 articles
FINANCE
2 articles
REGIONAL
1 articles
Narrative Analysis
No Significant Divergence
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Cross-block coverage detectedMultiple blocks covering the same event
Related Events
Primary Sources (5)
RUKommersant (RU)Облачный сервис Cloudflare сократит 20% сотрудников из-за внедрения ИИAFRICADaily Maverick (South Africa)Cloudflare to cut about 20% workforce as AI adoption reshapes operationsFINANCEThe Hindu - BusinessCloudflare to cut about 20% workforce as AI adoption reshapes operationsFINANCECNBC - Top NewsCloudflare stock sinks 18% after earnings as company cuts 1,100 employees due to AI changes