Who is the new CEO of C3.ai and what changes has he made?

Stephen Ehikian was appointed CEO in September and has focused on reducing the company's cost structure and cash burn, including restructuring the sales organization.

How did C3.ai's stock perform after the announcement?

Following the announcement of job cuts and a lowered revenue forecast, C3.ai's stock declined approximately 20% in extended trading.

Home / Business and Economy / C3.ai Slashes Workforce by a Quarter Under New CEO

C3.ai Slashes Workforce by a Quarter Under New CEO

Q: Why did C3.ai reduce its workforce?

C3.ai eliminated about 26% of its global workforce to improve operating efficiency and position the company for success, alongside reducing annual nonemployee costs.

26 Feb

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Summary

C3.ai eliminates 26% of its workforce to boost operating efficiency.
New CEO Stephen Ehikian aims to reduce costs and flatten sales structure.
Company stock fell 20% after revenue guidance was lowered.

C3.ai Slashes Workforce by a Quarter Under New CEO

C3.ai Inc., a provider of data analysis software, has announced a significant workforce reduction, eliminating about 26% of its global employees. This decision follows the recent appointment of Stephen Ehikian as the new chief executive officer in September.

The company stated that these layoffs are intended to "materially improve" operating efficiency and "position the company for success." In addition to cutting staff, C3.ai is also reducing its annual nonemployee costs by approximately 30%. As of April 2025, C3.ai employed nearly 1,200 individuals.