TechFlow News, May 8: According to a Reuters report, U.S. cybersecurity services company Cloudflare announced it will cut approximately 20% of its workforce—over 1,100 employees—to restructure operations around AI tool adoption. CEO Matthew Prince stated the company is redesigning every team and function to adapt to the era of agent-based AI. Cloudflare noted that its internal AI usage has grown more than sixfold over the past three months; this layoff represents a redesign of internal processes and roles—not a response to employee performance issues or short-term cost pressures. Cloudflare expects Q2 revenue to be approximately $664–665 million, slightly below analysts’ consensus estimate of $665.3 million.
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