TechnologyUS
Cloudflare stock sinks 24% after earnings as company Layoffs
May 2026
Cloudflare stock sinks 24% after earnings as company announced a layoff affecting 1,100 employees (20% of its workforce) in May 2026. The company operates in the Technology sector.
People Affected
1,100
Percentage
20%
Announced Date
May 7, 2026
About
Cloudflare stock sinks 24% after earnings as company cuts 1,100 employees due to AI changes
Source
View Sourcewww.cnbc.comMore Technology Layoffs
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