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Cloudflare (NET) Stock Plunges 24% Despite Beating Q1 Earnings Amid AI-Driven Workforce Cuts

Blocknomi Published 08.05.2026 15:05

Key Takeaways Cloudflare (NET) shares plummeted 24.31% following announcement of AI-driven workforce reductions. Company exceeded Q1 expectations but announced elimination of 20% of workforce. NET shares declined as company connected…

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