Cloudflare’s co-founder and CEO Matthew Prince is riding a AI-driven reorg and big layoffs at the company as it reshapes for the AI era. Born 1974, American tech executive, billionaire.
Cloudflare has announced a sweeping restructuring, cutting about one-fifth of its global workforce after reporting Q1 revenue of $639.8 million, up 34% year over year. Co-founders say AI adoption has surged internally, prompting a plan to reimagine all internal processes. Departing employees will receive extended severance and benefits through 2026.