SAN FRANCISCO (KRON) — San Francisco-based tech company Cloudflare announced on Thursday it would be laying off over a thousand employees. The job cuts were announced in a memo to employees from CEO Matthew Prince and co-founder Michelle Zatlyn.
In the memo, which was titled “Building for the future,” the company heads told employees they would be reducing the company’s headcount by more than 1,100. In what has become a common refrain for tech companies announcing layoffs, the memo cited AI as one of the main reasons.
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“Cloudflare’s usage of AI has increased by more than 600% in the last three months alone,” the memo said. “Employees across the company from engineering to HR to finance to marketing run thousands of AI agent sessions each day to get their work done.”
“That means we have to be intentional in how we architect our company for the agentic AI era in order to supercharge the value we deliver for our customers and to honor our mission to help build a better Internet for everyone, everywhere,” the memo continued…