Feb 25 (Reuters) - Software provider C3.ai said it is cutting 26% of its global workforce as part of a restructuring push under new CEO Stephen Ehikian, and also forecast current-quarter sales below estimates, sending its shares down 20% in extended trading.
The company, which had roughly 1,181 full-time employees as of April 30, 2025, said on Wednesday it expected to record about $10 million to $12 million in restructuring charges this quarter, and aims to cut non-wages-related costs by around 30% by late 2027.
