Wow, and I had thought they would be one of the winners in the AI era. A lot of SaaS's can be recreated with an agent and some tokens, but I thought the more infra-y companies would be the beneficiaries. I've vibe coded a few Cloudflare Workers and thought it was a great experience. And Claude knew how to use wrangler to do a lot itself.
From the announcement it doesn’t seem like they’re losing, just that they’re cutting off their employees winnings.
layoffs are winning in the short term. investors love them, and if you cut staff but keep revenue that’s profit.