AISaaStrabout 1 hour ago
Cloudflare Cuts 20% Staff Amid Record Growth
9 min read
Cloudflare announced on May 7 that it cut 20% of its workforce, reducing headcount from 5,156 to roughly 4,050, while posting record Q2 revenue of $696.1M. The company spent $140M to $150M on charges, mostly affecting back-office roles, yet stock rose 17% after hours as growth accelerated to 36%.
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