Cloudflare announced a reduction of approximately 1,100 employees, described as roughly 20% of its workforce, as part of an agentic-AI-first operating-model change. The company estimated $140–$150 million of restructuring charges.
SourcePublic company, workplace, funding, and market signals
Updated Aug 5, 2026
Cloudflare, Inc. (NYSE: NET) is a public connectivity-cloud company that helps organizations make applications, networks, and employees faster, safer, and more reliable. Its global network provides security, performance, connectivity, and developer services to businesses, developers, governments, and consumers.
Primary product
Cloudflare Connectivity Cloud: an integrated platform spanning CDN/performance, DDoS and application security, Zero Trust/SASE networking, developer services (Workers, Workers AI, R2), and related network services.
Founded
2009
Headquarters
101 Townsend Street, San Francisco, California 94107, United States
Team size
Approximately 5,500 before the May 2026 workforce reduction; 4,263 full-time employees at December 31, 2024.
Work style
Flexible
Industry
Computer and network security / cloud software
Sub-industry
Connectivity cloud, edge computing, CDN, application security, Zero Trust/SASE, developer platform
Offices
Business model
Stage
Public company; post-IPO
Total raised
$332.2M
Latest round
Post-IPO financing · Aug 2021
Latest amount
$1.3B
Aug 2021
Sep 2019 · Public investors
Mar 2019 · Franklin Templeton Investments
Dec 2014 · Fidelity Investments
Dec 2012 · Union Square Ventures
Nov 2010 · New Enterprise Associates
Nov 2009 · Pelion Venture Partners and Venrock
Leadership
Co-founder & CEO
Co-founder & President
Chief Financial Officer
Chief Technology Officer
Founders
Co-founder
Mission-driven, engineering-oriented, globally distributed culture centered on building a better Internet. Published operating behaviors emphasize curiosity, clear and transparent communication, doing the right thing, diversity, execution, empathy, and assuming good intentions.
Work style
Flexible
Compensation
Cloudflare describes competitive pay, equity ownership, and comprehensive benefits; role-specific compensation bands and sponsorship vary by geography and job.
Benefits
Pricing
Free tier plus tiered self-service plans, usage-based pricing, and customized enterprise contracts; product-specific pricing is published on Cloudflare Plans and product pages.
Differentiators
Technology
Customers
Competitors
Estimated revenue
Approximately $2.8 billion annualized/forecast for fiscal 2026; 2025–2026 run-rate broadly $2–3 billion.
Cloudflare announced a reduction of approximately 1,100 employees, described as roughly 20% of its workforce, as part of an agentic-AI-first operating-model change. The company estimated $140–$150 million of restructuring charges.
SourceCloudflare announced its acquisition of VoidZero, the open-source company behind Vite, Vitest, Rolldown, and Oxc, and committed $1 million to an independent Vite ecosystem fund.
SourceCloudflare reported a history of GAAP net losses, including a $193.4 million net loss for 2024, and identified dependence on key personnel, infrastructure partners, geopolitical conditions, and intense competition as material risks.
SourceCloudflare Blog · Aug 2026
Cloudflare open-sourced Cloudflare OS, an agent workspace and governed runtime built with Workers, Durable Objects, Access, AI Gateway, and MCP integrations.
Cloudflare Blog · Aug 2026
Cloudflare announced programmable wallets aimed at agentic-Internet use cases.
Cloudflare / Business Wire · Jun 2026
The acquisition brings the Vite ecosystem and its open-source team into Cloudflare's developer platform.
Cloudflare Investor Relations · May 2026
Q1 2026 revenue was $639.8 million, up 34% year over year; Cloudflare also announced plans to reduce its workforce by approximately 1,100 people.
Cloudflare Blog · May 2026
The founders explained the workforce reduction as a one-time redesign for an agentic-AI operating model and described severance and equity treatment.
290 jobs at Cloudflare