‘Reduce employees to a label, then lay off 1,100’: Billionaire Trump donor blasts Cloudflare CEO’s memo
Billionaire American venture capitalist and entrepreneur Chamath Palihapitiya didn’t mince words, ripping into Cloudflare CEO Matthew Prince’s layoff memo, which explained the rationale behind firing 1,100 employees.
The California-based technology company’s recent round of layoffs reduced its global workforce by 20%. As Palihapitiya sees it, the US company’s CEO went on to “reduce” employees to a “label” in his subsequent memo release, as if the job cuts announcement wasn’t already devastating enough.
