Why UiPath Stock Sank Today
UiPath(PATH) The Motley Fool·2024-07-10 00:19
Management just made a decision that could imply softer-than-expected growth for the software company.Shares of software company UiPath (PATH -6.64%) sank on Tuesday after the company announced a round of layoffs. As of 10:45 a.m. ET today, UiPath stock was down about 7%.A time of transitionThe company was already undergoing changes. In its fiscal first quarter of 2025 (ending in April), it announced that CEO Rob Enslin was being replaced by co-founder and former CEO Daniel Dines. The timing was awkward con ...