Cloudflare cuts 1,100 jobs despite record revenue growth, cites restructuring for “agentic AI era” - Tekedia

Cloudflare will cut about 1,100 jobs, or 20% of its workforce, in its first major layoff.

The company said the restructuring follows record revenue growth and is aimed at an AI-heavy future.

Executives pointed to big internal productivity gains from AI tools and broader use of autonomous AI agents.

The move highlights how tech firms are using AI adoption to reshape teams even amid strong business results.