Event Brief
UPDATED May 8, 2026 at 1:02 AM ET
May 5, 2026 at 8:00 AM ET
Cloudflare stock sinks 18% after earnings, cuts 1,100 jobs
By The BriefBrief
Cloudflare said it will cut about 1,100 employees after agentic AI changes how the company works.
WHO: Cloudflare
WHAT: Cloudflare announced layoffs of about 1,100 employees, cutting roughly 20% of its workforce.
WHEN: May 7, 2026 at 6:19 PM ET
WHERE: Location not specified
WHY: Agentic artificial intelligence fundamentally changes how Cloudflare’s work is done.
How this story developed (showing 4 of 4 earlier reports)
Reporting from 4 identified publishers across this event arc.
View all 4 publishers
Publishers represented across this event arc
These publishers contributed reporting to the broader event history. Not every source addresses the specific development described above.
How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.
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