SaaS
📈Cloudflare Grows 36% to $2.8B Run Rate After Cutting 20% of Staff
The Rundown: Cloudflare grew 36% to a $2.8B run rate after a 20% layoff, then raised $2.5B at a 0% coupon.
The details:
- ●Cloudflare's annual run rate now stands at $2.8B.
- ●The company cut 20% of its workforce, yet still grew revenue by 36%.
- ●It later raised $2.5B in convertible notes with a 0% coupon, showing strong investor confidence.
Why it matters: This is a powerful case study in operational efficiency: layoffs can fuel growth when paired with strong product demand. The 0% coupon raise also proves that top-tier companies can access cheap capital even in a tough market, giving them a strategic advantage.
📰 Source: SaaStr