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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

#3

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.

Re: Cloudflare to cut about 20% of its workforce

#5

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.

You couldn't tell this by looking at the stock market.
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