C3.ai Cuts Workers, Telling Staff of Need for Cost Savings (1)

C3.ai Inc., a software maker that has worked to capitalize on interest in artificial intelligence, cut workers last week, citing employee performance and the need for cost savings.

Employees were fired across departments, according to people familiar with the matter. In a meeting Thursday with hundreds of workers, an executive said C3.ai needed to reduce costs, according to one attendee. Chief Executive Officer Tom Siebel, a well-known figure in the technology industry, founded the software company and took it public in 2020.

Managers framed the cuts as related to the performance of the individual workers rather than layoffs, ...