Cloudflare trades staff for AI

Wall Street Breakfast · May 8, 2026 · 5m

Cloudflare (NET) to cut 1,100 jobs amid shift to agentic AI-first operating model. (00:13) Upwork (UPWK) announces 24% reduction in total workforce. (01:42) IREN jumps 7%, inks five-year $3.4B AI cloud deal with Nvidia (NVDA). (02:35)/Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers Friday: XYZ, TTD, NET, and moreFederal trade court strikes down Trump's 10% global tariffShell CEO flags ~1B barrel crude shortage, warns 'journey back will be a long one'US said to suspect Nvidia chips smuggled to Alibaba via Thailand, Bloomberg reportsSign up for our daily newsletter…