{"id":210563,"date":"2026-05-07T18:13:00","date_gmt":"2026-05-07T22:13:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/07\/cloudflare-stock-sinks-after-earnings-cutting-over-20-of-employees\/"},"modified":"2026-05-07T19:15:11","modified_gmt":"2026-05-07T23:15:11","slug":"cloudflare-stock-sinks-after-earnings-cutting-over-20-of-employees","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/07\/cloudflare-stock-sinks-after-earnings-cutting-over-20-of-employees\/","title":{"rendered":"Cloudflare stock sinks after earnings, cutting over 20% of employees"},"content":{"rendered":"<p><a href=\"https:\/\/www.cnbc.com\/2026\/05\/07\/cloudflare-net-q1-2026-stock-earnings-layoffs.html\">Cloudflare stock sinks after earnings, cutting over 20% of employees<\/a><\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2026\/05\/07\/cloudflare-net-q1-2026-stock-earnings-layoffs.html\">https:\/\/www.cnbc.com\/2026\/05\/07\/cloudflare-net-q1-2026-stock-earnings-layoffs.html<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-05-07 18:13:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.cnbc.com\">www.cnbc.com<\/a><\/p>\n<ul>\n<li>Cloudflare reported first-quarter earnings that exceeded analyst expectations with earnings per share of 25 cents versus the expected 23 cents and revenue of $640 million against the $622 million expected.<\/li>\n<li>Despite the positive earnings, Cloudflare\u2019s shares fell by 18% after market hours due to the announcement of a 20% reduction in its workforce, which includes over 1,100 employees.<\/li>\n<li>CEO Matthew Prince attributed the workforce reduction to the impact of agentic artificial intelligence, which he stated &#8220;fundamentally changed&#8221; the company&#8217;s work and rendered certain roles obsolete for the future.<\/li>\n<li>The company\u2019s use of AI has grown over 600% in the last three months as it adopts an &#8220;agentic AI-first operating model.&#8221;<\/li>\n<li>Cloudflare&#8217;s first-quarter revenue increased by 34% year-over-year, and the company forecasted Q2 revenue between $664 million and $665 million, matching Wall Street expectations.<\/li>\n<li>For the full year of 2026, Cloudflare projected revenue between $2.805 billion and $2.813 billion, narrowly beating the $2.8 billion estimates, and set full-year earnings per share between $1.19 and $1.20, surpassing the $1.14 estimate.<\/li>\n<li>Cloudflare posted a net loss of $22.93 million, or 7 cents per share, for Q1 2026, which was an improvement from the net loss of $38.45 million, or 11 cents per share, in the same period last year.<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cloudflare stock sinks after earnings, cutting over 20% of employees https:\/\/www.cnbc.com\/2026\/05\/07\/cloudflare-net-q1-2026-stock-earnings-layoffs.html Publish Date: 2026-05-07 18:13:00&#8230;<\/p>\n","protected":false},"author":1,"featured_media":210565,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/108237207-17649373892025-12-05t120145z_1475346012_rc2ldcad4qxk_rtrmadp_0_cloudflare-outages.jpeg?v=1768520371&w=1920&h=1080","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-210563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/210563"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=210563"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/210563\/revisions"}],"predecessor-version":[{"id":210566,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/210563\/revisions\/210566"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/210565"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=210563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=210563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=210563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}