Matthew Prince

CEO and co-founder of Cloudflare. On May 7, 2026, Prince co-signed (with co-founder Michelle Zatlyn) a memo titled "Building for the future" announcing a…

CEO And Co Founder · Cloudflare

CEO and co-founder of Cloudflare. On May 7, 2026, Prince co-signed (with co-founder Michelle Zatlyn) a memo titled "Building for the future" announcing a 1,100-person workforce reduction (~20%) framed as a structural shift to an "agentic AI-first operating model." On the company's Q1 2026 earnings call the same day, Prince said: "This wasn't an easy decision, but it's the right decision." The memo notes Cloudflare's internal AI usage has grown more than 600% in three months, with employees across engineering, HR, finance, and marketing running thousands of AI agent sessions daily. Prince is now the third named CEO inside one week (after Brian Armstrong / Coinbase May 5 and ahead of Dennis Woodside / Freshworks same-day) to publicly tie a major workforce reduction to AI as the structural rationale.

First seen: 2026-05-08 · Last seen: 2026-05-26