[Cloudflare Announces Layoffs of Approximately 20% to Restructure Operations Around AI Tools] According to a report by Reuters, U.S. cybersecurity services company Cloudflare has announced plans to lay off approximately 20% of its workforce, which amounts to over 1,100 employees, as part of an operational restructuring centered on AI tool applications. CEO Matthew Prince stated that the company is redesigning every team and function to adapt to the era of generative AI. Cloudflare revealed that its internal AI usage has increased more than sixfold over the past three months. The layoffs are aimed at redesigning internal processes and roles, rather than being driven by employee performance or short-term cost pressures. Cloudflare expects second-quarter revenue to be approximately $664 million to $665 million, slightly below analysts' expectations of $665.3 million.