C3.ai to Cut 26% of Workforce Following CEO Transition

C3.ai Inc., a maker of data analysis software, is cutting about a quarter of its workforce after the appointment of a new chief executive officer.

About 26% of the company’s global workforce will be eliminated “to materially improve” operating efficiency and “position the company for success,” C3.ai said Wednesday in a regulatory filing. In addition, the company will trim about 30% of its annual nonemployee costs. C3.ai had nearly 1,200 workers as of April 2025.

The stock declined about 20% in extended trading after C3.ai cut its revenue guidance for the full year in addition to announcing the ...