UiPath Announces 10% Cut in Staff to Reduce Costs
UiPath(PATH) PYMNTS.com·2024-07-10 08:20
UiPath, a provider of artificial intelligence (AI)-powered enterprise automation technology, said Tuesday (July 9) that it will lay off 10% of its global workforce as part of a restructuring aimed at managing its operating expenses.The firm employed about 4,200 people worldwide as of July 1, UiPath said in a Tuesday filing with the Securities and Exchange Commission (SEC) that disclosed the layoffs.“This workforce reduction is aimed at further driving operational efficiency and customer centricity,” the com ...