business
Cloudflare stock plummets 23% amid AI-driven layoffs
Key takeaways
- Cloudflare stock plummets 23% amid AI-driven layoffs Aparajita Chatterjee Mon, May 11, 2026 at 1:47 AM GMT+7 3 min read NET The “AI-first” era of corporate restructuring has claimed its latest high-tech workforce.
- On May 7, Cloudflare, Inc., sent shockwaves through the tech sector by announcing a massive reorganization plan designated to accelerate its evolution into an “agentic AI-first operating model.”
- And the market response was swift and immediate, with the company's stock down 23% on Friday, following the earnings release and layoff announcement.
Cloudflare stock plummets 23% amid AI-driven layoffs Aparajita Chatterjee Mon, May 11, 2026 at 1:47 AM GMT+7 3 min read NET The “AI-first” era of corporate restructuring has claimed its latest high-tech workforce.
On May 7, Cloudflare, Inc., sent shockwaves through the tech sector by announcing a massive reorganization plan designated to accelerate its evolution into an “agentic AI-first operating model.”
And the market response was swift and immediate, with the company's stock down 23% on Friday, following the earnings release and layoff announcement.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop