Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high

Plus more of TechCrunch's top stories this afternoon

View this email online in your browser  May 08, 2026 TechCrunch Top 3 Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high: CloudFlare announced its first large-scale layoff. CEO Matthew Prince says because of AI efficiency gains, the company doesn't need as many support roles. Read More US defense contractor who sold hacking tools to Russian broker ordered to pay $10M to former employers: Former cybersecurity executive Peter Williams stole several surveillance and hacking tools and sold them for $1.3 million to a Russian broker that works with Putin’s government. Read More Uber partner Avride is under investigation for self-driving crashes: The National Highway Traffic Safety Administration has opened an investigation into Avride after identifying more than a dozen crashes and one minor injury. Read More Disrupt 2026: Where deals and ideas ignite Oct 13–15 at San Francisco's Moscone West, 10,000 founders, investors, and operators gather for high-signal insights, curated connections, and real momentum. Register Now! A message from Fidelity Your Pitch Isn’t the Only Thing Investors Are Evaluating.   Investors don’t just listen to what you say - they look at how your company operates. Is ownership clear? Do your numbers match your story? Can you answer follow-up questions without digging through spreadsheets? The Fundraise-Ready Startup Kit equips founders with the materials investors expect to see, before pressure is on. Because confidence in the room doesn’t come from slides. It comes from preparation.  Learn More Afternoon Must-Reads Live only at TechCrunch Disrupt 2026: Why most founders are already behind on raising a Series A in 2027: Learn what it takes to build a Series A in 2027 from top VCs at TechCrunch Disrupt 2026, taking place at San Francisco’s Moscone West on October 13-15. Register today to hear this session live on the Builders Stage. Read More Last 24 hours to get 50% off a second pass to TechCrunch Disrupt 2026: Last day to buy one pass and get a second one at 50% off to TechCrunch Disrupt 2026. Bring a partner, co-founder, or colleague at half off. Register now. Read More Pentagon releases UFO files on new website: The initial set of files housed on the site will include those containing unidentified anomalous phenomena (UAP) videos, photos, and original source documents from across the entire U.S. government. The materials have been reviewed for security purposes, but many have "not yet been analyzed for resolution of any anomalies," the Department's statement read. Read More The biggest US power grid is under strain from AI — and no one is happy: PJM Interconnection — which oversees the grid for some of the densest data center developments on Earth — wants to overhaul itself. Not everyone thinks it's up to the task. Read More Lime, the Uber-backed micromobility company, files for IPO: After years of hints and preparation, Lime plans to enter the public markets. The company intends to list on ​Nasdaq under the ticker symbol "LIME." Lime did not share terms of the offering. Read More A message from TechCrunch Events Offer ends tonight: Get a second Disrupt pass at 50% off Buy one pass and get a second of the same type for 50% off. Bring a partner or colleague with you and get more out of Disrupt together. Tap into 200+ sessions, make high-value connections, and gain insights that can move your startup forward or shape your next big investment. Register before the clock hits 11:59 p.m. PT tonight. Register Now Last but Not Least Intel's comeback story is even wilder than it seems: Intel's stock has risen a stunning 490% over the past year, a bet by Wall Street that may be running well ahead of the company's actual turnaround. Read More Check out some of our other newsletters: StrictlyVC TechCrunch Events TechCrunch Mobility Want to adjust your daily newsletter schedule? You can do it right here Got a tip? Get in touch securely. Want to advertise on TechCrunch? advertise@techcrunch.com Has this been forwarded to you? Click here to subscribe to this newsletter. Unsubscribe Member Center Privacy Policy Copyright © 2026 TechCrunch Media LLC 501 2nd Street, Suite 650, San Francisco, CA 94107

Hackers deface school login pages after claiming another Instructure hack

Plus more of TechCrunch's top stories to start your morning

View this email online in your browser  May 08, 2026 TechCrunch Top 3 Hackers deface school login pages after claiming another Instructure hack: The cybercrime group ShinyHunters claimed to have hacked Instructure again, defacing the login pages of several Instructure customer schools with an extortion message. Read More Live only at TechCrunch Disrupt 2026: Why most founders are already behind on raising a Series A in 2027: Learn what it takes to build a Series A in 2027 from top VCs at TechCrunch Disrupt 2026, taking place at San Francisco’s Moscone West on October 13-15. Register today to hear this session live on the Builders Stage. Read More Last 24 hours to get 50% off a second pass to TechCrunch Disrupt 2026: Last day to buy one pass and get a second one at 50% off to TechCrunch Disrupt 2026. Bring a partner, co-founder, or colleague at half off. Register now. Read More Disrupt 2026: Where deals and ideas ignite Oct 13–15 at San Francisco's Moscone West, 10,000 founders, investors, and operators gather for high-signal insights, curated connections, and real momentum. Register Now! A message from Fidelity Your Pitch Isn’t the Only Thing Investors Are Evaluating.   Investors don’t just listen to what you say - they look at how your company operates. Is ownership clear? Do your numbers match your story? Can you answer follow-up questions without digging through spreadsheets? The Fundraise-Ready Startup Kit equips founders with the materials investors expect to see, before pressure is on. Because confidence in the room doesn’t come from slides. It comes from preparation.  Learn More Morning Must-Reads Lime, the Uber-backed micromobility company, files for IPO: After years of hints and preparation, Lime plans to enter the public markets. Read More The biggest U.S. power grid is under strain from AI — and no one is happy: PJM Interconnection — which oversees the grid for some of the densest data center developments on Earth — wants to overhaul itself. Not everyone thinks it's up to the task. Read More Gusto hits $1B revenue, a figure that brings it closer to public markets: Gusto has shared an impressive milestone on its actual revenue, not an ARR number that estimates future income. Read More Ramp in talks to hit $40B+ valuation, 6 months after reaching $32B: The company is reportedly in talks to raise another $750 million at a pre-money valuation of more than $40 billion. It last raised in November at $32 billion. Read More Why you can never get your doctor to call you back: Like many AI companies automating work that humans currently do, Basata will eventually face a harder question about where the line is between augmenting workers and displacing them. For now, the founders say the administrative staff they work with aren't worried about that; they're more worried about drowning. Read More A message from TechCrunch Events Offer ends tonight: Get a second Disrupt pass at 50% off Buy one pass and get a second of the same type for 50% off. Bring a partner or colleague with you and get more out of Disrupt together. Tap into 200+ sessions, make high-value connections, and gain insights that can move your startup forward or shape your next big investment. Register before the clock hits 11:59 p.m. PT tonight. Register Now Last but Not Least Airbnb says AI now writes 60% of its new code: Airbnb also said its customer support AI bot now handles 40% of issues without escalating to a human agent. Read More Check out some of our other newsletters: StrictlyVC TechCrunch Events TechCrunch Mobility Want to adjust your daily newsletter schedule? You can do it right here Got a tip? Get in touch securely. Want to advertise on TechCrunch? advertise@techcrunch.com Has this been forwarded to you? Click here to subscribe to this newsletter. Unsubscribe Member Center Privacy Policy Copyright © 2026 TechCrunch Media LLC 501 2nd Street, Suite 650, San Francisco, CA 94107