Cloudflare announced layoffs for over a thousand employees. The company cited increased AI usage as a primary reason. Cloudflare's AI usage grew by over 600% in three months. The job cuts are not for cost-cutting or performance assessment. Cloudflare's stock dropped 18% following the announcement.
San Francisco, California
https://www.kron4.com/news/technology-ai/sf-tech-company-cloudflare-to-cut-over-a-thousand-jobs-cites-ai-as-reason/