Cloudflare guides to 2026 growth, cuts 20% of staff
Cloudflare announced expectations for $2.805 billion to $2.813 billion in revenue for 2026, alongside a strategic shift to an "agentic AI-first model." This shift will involve a approximately 20% reduction in its workforce.
Key Takeaways
- 2026 revenue guidance is $2.805 billion to $2.813 billion.
- Cloudflare said it is shifting to an “agentic AI-first model.”
- The company plans an approximately 20% reduction in workforce.
- CEO Matthew Prince said Cloudflare had a “very strong start to 2026” on the Q1 2026 earnings call.
Why It Matters
Cloudflare is tying its 2026 plan to agentic AI while simultaneously shrinking headcount by about 20%, which suggests a cost- and product-structure reset rather than a simple growth update. For streaming teams that use Cloudflare infrastructure, the relevant signal is that the company is aligning more of its strategy around AI-centric services while keeping its revenue target public. The immediate thing to watch is how Cloudflare frames AI-related products and spending in its next quarterly update, and whether the workforce reduction shows up in execution or service changes.
Read full article at msn.com
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