C3.ai Trims 26% of Global Workforce Under New CEO Plan
C3.ai is cutting 26% of its global staff as part of a restructuring push. The firm also forecast current-quarter sales below analyst estimates on Wednesday.
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C3.ai, Inc.[Symbol:{ "assets":{ "symbol":"AI" } }] has announced a significant workforce reduction, cutting 26% of its global staff as part of a restructuring effort led by its new chief executive. The software provider also issued a revenue forecast for the current quarter that fell well below analyst expectations, causing its shares to drop 20% in extended trading.
