Layoffs are official, but what's the *real* story?

So, the 1100 layoffs at Cloudflare are confirmed. The official statements are talking about efficiency and optimizing for the future. But reading between the lines, especially with the context from some recent articles, it feels like more than just a simple 'streamlining'. The stock drop also tells a story. It's hard not to feel for everyone impacted by this. If you're one of the 1100, or if you have a clearer picture of what's happening behind the scenes, I'd appreciate any insights. Was this a sudden decision, or has there been a slow burn? Are specific departments or roles disproportionately affected? Just trying to make sense of the situation beyond the corporate speak.