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.

For ​the ​third quarter, C3.ai’s adjusted net ⁠loss per share of 40 cents came in ​wider than analysts’ average estimate ​of a loss of 29 cents, according to data compiled by LSEG.