{"id":995120,"date":"2026-02-27T07:37:43","date_gmt":"2026-02-27T02:07:43","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=995120"},"modified":"2026-02-27T07:46:00","modified_gmt":"2026-02-27T02:16:00","slug":"c3-ai-cuts-26-of-global-staff-under-new-ceos-restructuring-push-2","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/02\/27\/c3-ai-cuts-26-of-global-staff-under-new-ceos-restructuring-push-2\/","title":{"rendered":"C3.ai cuts 26 % of global staff under new CEO&#8217;s restructuring push"},"content":{"rendered":"<p>Software provider C3.ai said it is \u200bcutting 26% of \u200bits global workforce as part \u200bof a restructuring push under new CEO Stephen Ehikian, and also forecast current-quarter sales below estimates, sending its shares \u200cdown \u206020% in \u2060extended trading. <\/p>\n<p>The company, which had roughly 1,181 \u200bfull-time employees as of April 30, 2025, said on \u200bWednesday it expected to record about $10 million to $12 million in restructuring charges this quarter, \u200band aims to cut non-wages-related \u2060costs by \u200caround 30% by late 2027. <\/p>\n<p>For \u200bthe \u200bthird quarter, C3.ai&#8217;s adjusted net \u2060loss per share of 40 cents came in \u200bwider than analysts&#8217; average estimate \u200bof a loss of 29 cents, according to data compiled by LSEG.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Software provider C3.ai said it is \u200bcutting 26% of \u200bits global workforce as part \u200bof a restructuring push under new CEO Stephen Ehikian, and also forecast current-quarter sales below estimates, sending its shares \u200cdown \u206020% in \u2060extended trading. The company, which had roughly 1,181 \u200bfull-time employees as of April 30, 2025, said on \u200bWednesday it expected to record about $10 million to $12 million in restructuring charges this quarter, \u200band aims to cut non-wages-related \u2060costs by \u200caround 30% by late 2027. For \u200bthe \u200bthird quarter, C3.ai&#8217;s adjusted net \u2060loss per share of 40 cents came in \u200bwider than analysts&#8217; average [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-995120","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/995120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=995120"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/995120\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=995120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=995120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=995120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}