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Posted by PriorityLeft 21 hours ago

Cloudflare to cut about 20% of its workforce(www.reuters.com)
https://blog.cloudflare.com/building-for-the-future/
1120 points | 762 commentspage 7
cocoacat 4 hours ago|
Their stock has gone down nearly 20% in early trading today. When layoffs happen, usually it is the opposite, so I imagine Matthew Prince must be annoyed!

I am disappointed by this decision from Cloudflare. I've always felt that massive layoffs are something that companies who are greedy and don't care about their employees do (like Amazon and Meta). Up until now, my impression of Cloudflare has been that they care about their societal impact to an extent and still share old values from how tech companies used to be. Maybe they're starting the downward make-money-at-all-costs spiral that has gripped the rest of tech.

jcmfernandes 8 hours ago||
I find it surprising that the word "incident" doesn't yet show up on this page. Cloudflare had at least two nasty incidents a few months ago. It certainly shook my confidence in the company's ability to run its infrastructure.
edoggie 17 hours ago||
Why are they laying off anyone when you got 500 million plus in pure profit. The tax system needs to be reworked to not incentivize layoffs. Major taxes should happen to support the well fair system in order to support people laid off. This is a stupid system we live in.
oncallthrow 6 hours ago||
> Matthew has personally sent out every offer letter we've extended. It is a practice he has always looked forward to because it represented our growth and the incredible talent joining our mission

Who gives a shit if you treat your staff like this?

I will add cloudflare to the list of companies that I’ll never work for. Shame, because it seemed like an interesting place

twothumbsup 5 hours ago|
[flagged]
jesse_dot_id 11 hours ago||
I've been slowly moving all of my stuff over to Cloudflare. This certainly does not inspire confidence to continue down that path.
basyt 2 hours ago||
just finance things. nothing to see here...
yathartha 12 hours ago||
They want to polish upcoming employees into getting more used to AI tools usage but they don't want keep burning cash on experienced ones. They have to establish more YOY growth. Looks like everybody has to justify in the market why they need AI agents more than employees.
oytis 20 hours ago||
Why does "the future" in corporate announcements always mean layoffs?
mhd 10 hours ago||
Surprised that this isn't part of a "journey"…
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