Cloudflare reports $639.8M in Q1 revenue, up 34% YoY, and announces plans to cut over 1,100 jobs as the company shifts to an agentic AI-first operating model. Shares of NET fell more than 13% in after-hours trading.
Cloudflare reported Q1 revenue of $639.8 million, a 34% increase year-over-year, while announcing plans to cut over 1,100 jobs as part of a strategic shift toward an agentic AI-first operating model.
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