C3.ai Axes a Quarter of Its Staff, Stock Tanks 20%+
Enterprise AI firm C3.ai is slashing roughly 26% of its workforce following a CEO shakeup and weak guidance.
C3.ai is gutting its ranks. The enterprise data analysis software company plans to eliminate approximately 26% of its workforce, according to a new filing. That's roughly 312 jobs gone from a headcount of about 1,200 employees as of April 2025.
The mass layoff comes on the heels of a new chief executive stepping in. Wall Street didn't take the news well — C3.ai shares cratered more than 20% in after-hours trading.
The catalyst wasn't just the headcount reduction. Weaker-than-expected fiscal year guidance spooked investors and sent the stock into freefall.
C3.ai has long positioned itself as an enterprise AI play, but the combination of leadership turnover, aggressive cost-cutting, and downbeat forecasts paints a rough picture for the company's near-term trajectory.