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.

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)…

Cloudflare layoffs: Cloudflare has laid off over 1,100 employees, nearly 20% of its workforce, despite record revenue growth. CEO Matthew Prince explained the cuts target…