Cloudflare cuts 20% of its jobs due to AI, and its stock takes a 19% spill — 1,100 jobs disappearing as company increased usage of AI sixfold over past months
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⚡ Quick Hits
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* Cloudflare slashed 1,100 jobs (20% of its total workforce) as it shifts toward AI automation.
* The company's internal utilization of AI technologies has surged sixfold in recent months.
* The market reacted poorly to the restructuring, sending