C3.ai cuts 26% of global staff under new CEO’s restructuring push

Software provider C3.ai said it is ​cutting 26% of ​its global workforce as part ​of a restructuring push under new CEO Stephen Ehikian, and also forecast current-quarter sales below estimates, sending its shares ‌down ⁠20% in ⁠extended trading.

The company, which had roughly 1,181 ​full-time employees as of April 30, 2025, said on ​Wednesday it expected to record about $10 million to $12 million in restructuring charges this quarter, ​and aims to cut non-wages-related ⁠costs by ‌around 30% by late 2027.