India, May 8 -- Cybersecurity firm Cloudflare has announced plans to lay off more than 1,100 employees globally - nearly 20 per cent of its workforce - as the cybersecurity firm restructures operations amid the rapid adoption of artificial intelligence tools across the company.

In a message to employees, Cloudflare CEO Matthew Prince and co-founder Michelle Zatlyn said: "We are writing to let you know directly that we've made the decision to reduce Cloudflare's workforce by more than 1,100 employees globally." "The way we work at Cloudflare has fundamentally changed. We don't just build and sell AI tools and platforms. We are our own most demanding customer. Cloudflare's usage of AI has increased by more than 600 per cent in the last thr...