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Layoffs Accelerate in May 2026 as Firms Restructure Around AI

2026-05-08 04:32:08

Abstract generation in progress

Cloudflare said it would cut more than 1,100 jobs, or about 20% of its workforce, as firms accelerated AI-led restructuring in early May 2026. The roundup also included planned or reported cuts at BILL, Upwork, Ticketmaster, PayPal and Coinbase.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

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