The software company C3.AI revealed dozens of layoffs at its Redwood City headquarters on Monday, just two days before a closely watched financial report.
C3, which touts several federal government agencies as customers for its various AI application tools, shed a chunk of its staff on Monday. The cuts come as the company attempts a turnaround; founder and longtime CEO Tom Siebel stepped down from the top job amid health challenges in July, precipitating a stock-price drop-off and a decline in revenue. On Wednesday afternoon, C3 will report its last quarter’s financials and reveal how successful it has been at turning the script.
In a WARN document filed with California officials, as is mandated in the event of mass layoffs, C3 gave notice for 71 Redwood City layoffs. Eighteen data scientists and about 45 engineers in various roles are losing their jobs, according to the document. It’s unclear how deep the cuts go to C3’s larger workforce, which totaled 1,181 full-time employees as of last April — the company did not respond to SFGATE’s requests for comment…