May 7 : Cloudflare said on Thursday it would lay off about 20 per cent of its workforce as part of a shift toward an "agentic AI-first operating model," as the internet services company restructures around artificial intelligence. Shares of Cloudflare fell 14 per cent in extended trading, despite posting stronger-than-expected quarterly results. The company is cutting more than 1,100 jobs, the latest layoff tied to AI in the tech sector, as companies rush to automate work and reshape products