Canadian IT consulting giant CGI Inc. saw its shares decline by over 40% in a single year after naming former executive Tim Hurlebaus as chief executive officer. The decision came amid rising anxiety that artificial‑intelligence challengers, including Anthropic PBC, could erode CGI’s traditional consulting moat. Investors reacted sharply, pushing the stock into a decline that has rattled the company’s valuation.

Hurlebaus, who led CGI’s digital transformation in prior roles, inherits a firm that has faced mounting pressure from AI‑driven competitors. Analysts point out that the company’s revenue growth has stalled, while cost‑cutting measures have yet to offset the erosion of traditional advisory work. The market now questions whether CGI can recalibrate its strategy fast enough to regain investor confidence today.

The 40% plunge has forced CGI to scrutinize its competitive edge and explore new growth avenues, such as cloud services and artificial intelligence integration. Shareholders now demand clearer guidance on how the new CEO will navigate the rapidly evolving tech landscape. Until concrete steps surface, the stock remains vulnerable, reflecting broader market doubts about the firm’s long‑term viability here.