Cloudflare’s AI-first overhaul sparks sharp stock drop, mixed analyst views
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Cloudflare announced it will lay off over 1,100 employees, approximately 20% of its workforce, to focus on AI-native operations. Following this news, shares dropped 24% despite strong Q1 results, as investors considered weak Q2 guidance and restructuring costs. Analysts are divided, with some viewing the shift as a strategic long-term gain, while others express concerns about execution risks and potential sales disruptions.
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