C3 AI Shares Plummet After Layoffs and Wider Loss

Shares of enterprise artificial intelligence company C3 AI fell sharply after the company announced it would cut 26% of its workforce and reported a wider loss than expected.

26 Feb, 15:36 — 26 Feb, 15:36

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cnbcMostly Factual172d ago

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.

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C3 AI Shares Plummet After Layoffs and Wider Loss

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

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