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Cloudflare lays off 1,100 people(20% of staff)
(blog.cloudflare.com)
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this post was submitted on 08 May 2026
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Because people are too poor to purchase the extra output, assuming that the AI has actually lead to better productivity.
When there isn't enough aggregate demand to absorb extra output from productivity gains, firms will opt to increase profits by reduce their costs by cutting back on spending instead.