Cloudflare CEO Matthew Prince Says Company Name Is 'Too Long' And Hard To Pronounce Amid AI-Driven Layoffs

Benzinga_recent_news17:36

Cloudflare Inc (NYSE:NET) CEO Matthew Prince called the company's name not a great name while the firm undergoes major AI-driven restructuring and cuts more than 1,100 jobs. Prince responded to an X ...

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have been a \"nightmare\" for late broadcaster Barbara Walters to pronounce.\nCloudflare cut roughly 20% of its global workforce, eliminating more than 1,100 jobs as part of a major internal restructuring centered on artificial intelligence.\nPrince said the layoffs were not driven by financial pressure or employee performance, but by a shift toward an \"agentic AI-first\" operating model. \nHe said the company had redesigned its structure after internal AI usage surged sharply, changing how work was performed across teams.\nThe job cuts marked one of the largest workforce reductions in the company's history, even as Cloudflare continued to report strong revenue growth. \nThe company said the move reflected increased reliance on AI tools that reduced the need for certain support functions.\nCloudflare said the restructuring was intended to improve efficiency and align the organization with a rapidly evolving AI-driven operating environment.\nAI is reshaping industries in different ways, driving layoffs at major tech firms while failing to eliminate jobs in specialized medical fields.\nBillionaire Mark Cuban warned that companies risked falling behind if leaders failed to understand AI, urging workers and executives to continuously build AI skills and adapt to rapid change.\nIn contrast, radiology, once predicted to be replaced by AI, has instead seen a worker shortage and rising salaries. \nMore than 4,000 U.S. positions were unfilled by early 2025, with strong demand pushing average pay to record levels, as experts said the job proved more complex than early AI forecasts assumed.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto courtesy: Piotr Swat / Shutterstock\nTo add Benzinga News as your preferred source on Google, click 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