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.

# 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. **Read the full article:** [CNBC](https://www.cnbc.com/2026/05/07/cloudflare-net-q1-2026-stock-earnings-layoffs.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*