UiPath (NYSE: PATH) announced a restructuring plan: 10% of its workforce will be laid off to cope with a 50% drop in revenue.
Written byAInvest Visual
Wednesday, Jul 10, 2024 3:00 am ET1min read
PATH--
UiPath (PATH.US) announced on Tuesday that as part of a broader restructuring plan, it would cut 10% of its workforce, or about 420 jobs. Most of the cuts would be implemented by the end of the first quarter of 2026, which ends in April.
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