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(Bloomberg) -- US stock futures pointed to renewed weakness in technology shares after Samsung Electronics Co.’s earnings failed to satisfy investors, renewing pressure on chipmakers across global markets.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last MonthSaudis Slash Main Oil Price to Rare Discount as Market DivesChina Senten

Intuit reported better-than-expected financial results for its crucial tax season Wednesday, while also announcing a round of layoffs. Intuit said it’s reducing its full-time workforce by 17%. According to Layoffs.fyi, a website that tracks tech layoffs, 111,173 tech employees have lost their jobs in 2026.

Jason Calacanis used Block (NYSE:XYZ) as a case study on a recent This Week in Startups episode to argue that AI-driven productivity gains have become a prisoner’s dilemma for every public company CEO. Block cut over 4,000 people in February 2026, taking headcount from over 10,000 to under 6,000. Three months later, the company posted ... Block’s 40% Layoffs Will Drive 62% Earnings Growth: ‘If You Don’t Have Time to Use AI, You Don’t Have a Job’

FSLY sinks nearly 42% after a Q1 beat. Investors eye slower Network Services growth, pricing erosion and rising 2026 infra spend.

D-Wave Quantum's Q1 loss is narrower than estimates. The company posts record bookings despite a revenue miss, as it expands commercial adoption and quantum initiatives.

Circle CEO Jeremy Allaire takes us inside his better-than-expected first quarter and the outlook for jobs.

The “AI-first” era of corporate restructuring has claimed its latest high-tech workforce. On May 7, Cloudflare, Inc., sent shockwaves through the tech sector by announcing a massive reorganization plan designated to accelerate its evolution into an “agentic AI-first operating model.” And the ...

Cloudflare (NYSE:NET) reported first-quarter 2026 results on May 7, beating analyst expectations for both revenue and earnings, but shares fell sharply after the company issued softer near-term guidance and announced a significant restructuring tied to an AI-focused operating model...

Cloudfare issued a Q2 sales forecast on Thursday that fell short of analyst expectations and said it would slash roughly 1,100 jobs, or about a fifth of its workforce, as it adopts artificial intelligence tools in its operating model.

(Updates to include restructuring details and the latest stock price movement.) Cloudflare (NET)

Cloudflare stock was falling sharply in late Thursday despite better-than-expected first-quarter results from the cybersecurity company. Cloudflare reported adjusted earnings of 25 cents a share on revenue of $639.8 million. Analysts surveyed by FactSet were expecting earnings of 23 cents a share on revenue of $621 million.

The cuts are a response to artificial intelligence triggering a “paradigm shift” in the software industry, said Chief Executive Matthew Prince.

Cloud services firm Cloudflare ‌forecast quarterly revenue ‌below estimates on Thursday, and ​said it is laying off about 20%, or more than ‌1,100, employees ⁠globally. Shares of the company fell more ⁠than 13% in extended trading. The company ​expects second-quarter ​revenue ​between $664.0 and $665.0 ‌million, compared with estimates of $665.3 million, according to data compiled by LSEG.

The narrative about the state of the labor market — whether it remains in stasis or is beginning to heat up — will be shaped this week by a series of data drops.

Investing.com -- William Blair has downgraded vulnerability management firms including Qualys, Tenable, and Rapid7 to “Market Perform,” citing growing uncertainty around the impact of artificial intelligence on the cybersecurity landscape, even as overall sector demand remains resilient.