C3.ai Cuts 26% of Workforce Amid Financial Struggles
— benzinga.com
Key Takeaway
C3.ai has announced a significant workforce reduction of 26%, leading to a sharp decline in its stock price. CEO Stephen Ehikian attributed the layoffs to an unsustainable cost structure amid disappointing financial results.
C3.ai shares plunged more than 22% in after-hours trading after the company announced a 26% workforce reduction, reported a wider-than-expected quarterly loss and revenue miss, and sharply cut its fiscal 2026 revenue forecast under CEO Stephen Ehikian.
Original reporting — we curate and summarize for context
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