Cloudflare lays off 1100 employees, CEO who claims he personally sent offer letter to all staff; says: We didn’t cut jobs because Cloudflare is struggling; but ...

Earlier this month, Cloudflare said that it would cut about 20% of its ‌workforce as the company restructures operations around the rapid adoption of artificial intelligence (AI) tools, and forecast second-quarter revenue slightly below Wall Street expectations. The internet infrastructure and cybersecurity company is laying off more than 1,100 jobs globally.

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