tech

February 26, 2026

C3 AI shares plummet as company cuts 26% of workforce, posts wider loss than expected

Shares of enterprise artificial intelligence company C3 AI sunk after widely missing earnings and announcing layoffs under new CEO Ehikian's restructuring plan.

C3 AI shares plummet as company cuts 26% of workforce, posts wider loss than expected

TL;DR

  • C3 AI shares dropped 17% to a record low.
  • Third-quarter revenue of $53 million missed LSEG estimates of $76 million.
  • Loss per share was 40 cents, wider than the expected 29 cents.
  • The company will eliminate 26% of its global workforce as part of a restructuring plan.
  • Non-employee costs will also be reduced by 30%.
  • Fourth-quarter revenue is projected to be between $48 million and $52 million, below LSEG estimates of $78 million.
  • Citizens downgraded C3 AI stock from market outperform to market perform.
  • The company has seen a dramatic decline in share price since its December 2020 IPO.

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