Pretty much. Not for anything short of total malfeasance or horrible misbehavior.
Layoffs happen. Welcome to tech. Just say it's a layoff, and everybody will get on with life.
However, trying to fire someone for performance short of 12 months smells like somebody was told to try to claw back or limit signing bonuses, relocation allowances, stock grants, and promissory estoppel claims.
It's a VERY, VERY bad look for Cloudflare who, up to this point, I had decent vibes about from dealing with various employees.