Cloudflare stock sinks 18% after earnings as company cuts 1,100 employees due to AI changes
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Source: CNBC
Published: 2026-05-08 08:13 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Technology & AI, Economy & Finance, Financial Markets, Business & Economy
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Snippet:
Cloudflare reported first-quarter earnings Thursday that beat analysts' expectations, but shares fell 18% in extended trading as the company announced a 20% reduction in its workforce.
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