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Cloudflare to cut about 20% of its workforce

reuters.com

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Re: Cloudflare to cut about 20% of its workforce

#11

Post by blingbot9 »

tardedmeme wrote: post #3
rohitpaulk wrote: post #2

That's 2 major layoffs this week (Coinbase being the other). Is there an underlying common reason for this? And is it indeed AI-driven productivity as both companies claim?

Employees cost money. The ZIRP free-money era has ended. Companies have been laying off tech people for the last few years. Also the US economy is collapsing, that probably has some relevance.

Whenever someone brings up ZIRP, especially someone with a username like yours, it's an indicator that they have no clue what they are talking about and like to regurgitate things they read on the internet.

> Also the US economy is collapsing, that probably has some relevance.

Right...wait, what?

Re: Cloudflare to cut about 20% of its workforce

#13

Post by prymitive »

prymitive wrote: post #9

Obviously AI is just a excuse

It’s not like this is a factory floor where you process something coming in and AI suddenly makes the process more efficient and people are idle. Every team in tech world has infinite backlog, you don’t fire 20% the minute someone manages to close a few tickets.

Re: Cloudflare to cut about 20% of its workforce

#15

Post by benmusch »

prymitive wrote: post #13
prymitive wrote: post #9

Obviously AI is just a excuse

It’s not like this is a factory floor where you process something coming in and AI suddenly makes the process more efficient and people are idle. Every team in tech world has infinite backlog, you don’t fire 20% the minute someone manages to close a few tickets.

why not? isn't the implication of your point that companies should just hire infinitely so long as there's work to be done?

Re: Cloudflare to cut about 20% of its workforce

#18

Post by ggoo »

> The packages for departing employees will include the equivalent of their full base pay through the end of 2026. Healthcare coverage is different across the globe, and if you’re in the United States, we’ll continue to provide support through the end of the year. We are also vesting equity for departing team members through August 15th, so they receive stock beyond their departure date. And, if departing team members haven’t hit their one-year cliffs, we are going to waive those and vest their pro-rated equity through August as well.

The announcement reads as pretty heartless to me, but this is a very, very nice departure package

Re: Cloudflare to cut about 20% of its workforce

#19

Post by JustSkyfall »

alyxya wrote: post #14

I dislike the title because it doesn't clearly state it's a layoff. "Building for the future" gave me the impression that it's about some major new initiative with a roadmap outlining plans.

It's interesting how every time there's a layoff, the blog post always has a title like "Preparing for what's next" or "An update on our workforce" or "Getting ready for the agentic era"!
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