C3.ai stock tumbles in premarket after 26% job cuts and a deep revenue reset
C3.ai shares fell about 23% to $7.96 in premarket trading Thursday after the company announced a 26% workforce reduction and issued a weak sales outlook. The company forecast fourth-quarter revenue of $48 million to $52 million, down from $98.8 million a year earlier, and cut its full-year revenue view to $246.7 million to $250.7 million.