Job Market 23 April 2026 - 8 May 2026

Cloudflare’s 1,100 Job Cuts Show How Fast AI Is Rewriting Tech Work
···

Cloudflare’s 1,100 Job Cuts Show How Fast AI Is Rewriting Tech Work

Cloudflare will cut over 1,100 jobs, about 20% of its staff, as it reorganizes around agentic AI. Shares fell 19% in extended trading after the announcement, despite first-quarter revenue rising 34% to $639.8 million and adjusted earnings beating estimates. The company expects up to $150 million in restructuring charges, mostly in Q2. Departing employees will receive pay through 2026 and extended healthcare.
May 8, 2026
Commonwealth Bank of Australia Set to Cut 119 Jobs Again as AI Push Deepens, Bankwest Hit
···

Commonwealth Bank of Australia Set to Cut 119 Jobs Again as AI Push Deepens, Bankwest Hit

Commonwealth Bank of Australia will cut 119 jobs, according to the Finance Sector Union, as it increases automation and AI use. The bank did not confirm the figure but acknowledged some roles are being reduced. The move follows record first-half cash profit of A$5.45 billion in February. Other major Australian banks have also announced job cuts tied to technology changes in recent months.
April 23, 2026