C3 AI Cuts Workforce After Disappointing Results

C3 AI reported disappointing third-quarter results on Thursday, posting $53 million in revenue versus LSEG estimates of $76 million and a 40-cent per-share loss. The company said it will cut 26% of its workforce, reduce non-employee costs by 30%, and lowered fourth-quarter revenue guidance to $48–$52 million, prompting a roughly 17% share decline to a record low.