Cloudflare is axing more than 1,100 employees in a worldwide bloodbath as the San Francisco tech giant dramatically restructures. Founders told staff that the company’s internal use of artificial intelligence has exploded more than 600% in just three months.

The internet security and cloud networking firm revealed the massive cuts Thursday alongside first-quarter revenue of $639.8 million, a 34% increase from a year earlier, reported The San Francisco Chronicle.

Founders warned staff that the company’s internal use of artificial intelligence has exploded more than 600% in just three months. AP

“The way we work at Cloudflare has fundamentally changed,” co-founders Matthew Prince and Michelle Zatlyn told employees in a savage internal memo.

“We don’t just build and sell AI tools and platforms.…