U.S. artificial intelligence software company C3.ai announced on Wednesday that it will lay off 26% of its global workforce as part of a restructuring plan by newly appointed CEO Stephen A. Elishijan. Meanwhile, the company forecasts that its fiscal fourth-quarter revenue will fall short of expectations, causing its after-hours stock price to drop by 20%. As of April 30, 2025, C3.ai has approximately 1,181 full-time employees and expects to incur restructuring expenses of $10 million to $12 million this quarter.
