C3 AI lays off 26% of workforce as losses widen and stock plunges 17%
C3 AI lays off 26% of workforce as losses widen and stock plunges 17% is drawing significant interest across the industry.
C3 AI is under pressure after a bruising earnings report sent its stock tumbling and forced the company into a major reset. Shares of the enterprise AI software firm fell 17% Thursday, hitting a new low after the company posted weaker-than-expected third-quarter results and revealed plans to cut more than a quarter of its workforce.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
Related Articles
- Stocks steady after another AI scare; Jam-packed speaker slate awaits - Newsquawk EU Market Open
- New Report Shows Just How Few Users Actually Want AI On Their Phone
- Investors lock onto NPC as markets seek policy lift amid AI jitters
- From Alia Bhatt to Deepika Padukone: Bollywood actresses turning stardom into sustainable impact
Source: Original →