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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

#301

Post by therealdrag0 »

misswaterfairy wrote: post #288
tempest_ wrote: post #240

Earlier quoted context omitted.

Both of those are true assuming the lay offs come from different demographics. You lay off 1100 who are late in their career for younger people who will work more hours for less. You're building the future with new fresh people instead of the "dead weight"

> You lay off 1100 who are late in their career for younger people who will work more hours for less. Yet management always seems to miss the institutional knowledge, and experience, that also walks out the door laying off those 1,100 people 'late in their career'... It's not possible to cram 25 years of experience into two.

How do they miss them? Companies just move on from what I’ve seen.

Re: Cloudflare to cut about 20% of its workforce

#302

Post by u1hcw9nx »

misswaterfairy wrote: post #288
tempest_ wrote: post #240

Earlier quoted context omitted.

Both of those are true assuming the lay offs come from different demographics. You lay off 1100 who are late in their career for younger people who will work more hours for less. You're building the future with new fresh people instead of the "dead weight"

> You lay off 1100 who are late in their career for younger people who will work more hours for less. Yet management always seems to miss the institutional knowledge, and experience, that also walks out the door laying off those 1,100 people 'late in their career'... It's not possible to cram 25 years of experience into two.

Half of Cloudflare employees have less than 3 years in the company.

Hired as a code monkey, fired as a code monkey.

Re: Cloudflare to cut about 20% of its workforce

#304

Post by therealdrag0 »

argee wrote: post #290
kristjansson wrote: post #271

> Cloudflare expects second-quarter revenue of $664 million to $665 million, obviously $2.5e9ish/yr is substantial in absolute terms ... but that's it? They intermediate half the internet and only capture $7m/day?

I think about investing in Cloudflare but that P/E ratio scares me off every time.

Their revenue is growing 30% yoy, so investors are speculating it to pay off in the end.

Re: Cloudflare to cut about 20% of its workforce

#305

Post by voxelghost »

winrid wrote: post #293
xingped wrote: post #280

Earlier quoted context omitted.

Just your average Thursday in American capitalism!

Should companies be forced to retain talent of a certain age group? Should they be forced to retain less competent people? How do you expect this to work?

In Sweden,the Employment Protection Act, (LAS ) mandates 'last in - first out', meaning if there are layoffs due to over-capacity, people with seniority (years of employment) take priority for available positions. This is kind of partioned by profession-group, so yes you can fire nurses but keep doctors, or other way around. (Its been a while since I looked into it, but thats the rough gist of it)

Re: Cloudflare to cut about 20% of its workforce

#306

Post by andsoitis »

didibus wrote: post #299
stringfood wrote: post #247

Earlier quoted context omitted.

I've been told that a recession is coming since 2009, when I started investing - there has never been one since then despite all the dire predictions - therefore, my investments are safe

If you had started investing 1 year earlier though?

As long as you didn’t sell, and in fact bought more on the way down, you did well. Of course, not everyone’s time horizon works the timing (you might need the money and so sell at a low point), but generally, being in the market pays off.

Re: Cloudflare to cut about 20% of its workforce

#308

Post by throwaway2037 »

mukmuk wrote: post #274
tempest_ wrote: post #240

Earlier quoted context omitted.

Both of those are true assuming the lay offs come from different demographics. You lay off 1100 who are late in their career for younger people who will work more hours for less. You're building the future with new fresh people instead of the "dead weight"

Isn’t this illegal?

In the United States (where most Cloudflare employees work):

    > The Age Discrimination in Employment Act (ADEA) forbids age discrimination against people who are age 40 or older.
To answer your question: Probably not. Even so, it is incredibly hard to prove workers 40 and older were laid off as a result of age discrimination.

Re: Cloudflare to cut about 20% of its workforce

#309

Post by raverbashing »

tempest_ wrote: post #240
AloysB wrote: post #135

This is awkward. Exhibit A - September 2025 - "Help build the future" - Cloudflare hires 1111 interns to "help build the future" [ https://blog.cloudflare.com/cloudflare-1111-intern-program/ ] Exhibit B - May 2026 - "Building for the future" - Cloudflare lays off 1100 people, about 20% of their workforce to "continue building the future" [ https://blog.cloudflare.com/building-for-the-future/ ] I'll finish on this quo…

Both of those are true assuming the lay offs come from different demographics. You lay off 1100 who are late in their career for younger people who will work more hours for less. You're building the future with new fresh people instead of the "dead weight"

I don't think a 17 yrs old company has that many long tenured people!
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