📰 **Cloudflare stock sinks 18% after earnings as company cuts 1,100 employees due to AI changes**

The cloud provider announced it is laying off 20% of its workforce as agentic artificial intelligence "fundamentally changes" the company's work.

🔗 https://www.cnbc.com/2026/05/07/cloudflare-net-q1-2026-stock-earnings-layoffs.html

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