Pith Wave Signal

2 stories tagged #Matthew Prince

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  1. Cloudflare Posts Record Quarter, Then Axes 20% of Staff-Blames AI
    tech

    Cloudflare Posts Record Quarter, Then Axes 20% of Staff-Blames AI

    Cloudflare Q1 2026 revenue hit $639.8M, up 34% YoY. CEO Matthew Prince laid off 1,100 staff, citing internal AI that made their roles redundant.

    last wk. 1 min read
  2. Cloudflare Tumbles 20% on AI Restructuring Plan Despite Earnings Beat
    tech

    Cloudflare Tumbles 20% on AI Restructuring Plan Despite Earnings Beat

    Cloudflare shares plummeted over 20% as plans to cut 1,100 jobs for an AI-first model overshadowed better-than-expected Q1 earnings, revealing market unease.

    3w ago 1 min read