Cloudflare (NET) will reduce its workforce by over 1,100 jobs, about 10% of its total, impacting its stock value amid AI-related changes.

Cloudflare (NET) announced a reduction of more than 1,100 jobs as part of its latest layoff strategy. This comes amidst the company's ongoing adjustments related to AI operations. The layoffs account for approximately 10% of its workforce and reflect the changing dynamics in the tech industry. The stock price of Cloudflare has experienced a decline following the announcement, signaling potential investor concern about its operational restructuring.

Cloudflare (NET) to Cut Over 1,100 Jobs Amid AI Layoffs

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