UiPath Layoffs 2024: What to Know About the Latest PATH Job Cuts
PATHUiPath(PATH) Investor Place·2024-07-10 21:34

Artificial intelligence (AI) software company UiPath (NYSE:PATH) is laying off 10% of its staff, or 420 workers.PATH stock fell 7% on July 9, opening at about 12persharethismorning.Withamarketcapitalizationof12 per share this morning. With a market capitalization of 6.8 billion and expected 2024 revenue of 1.4billion,sharesarenowdown501.4 billion, shares are now down 50% in 2024.UiPath traded at nearly 80 per share soon after a 2021 public offering at $56 per share.Off the Profit PathUiPath makes an application program interface (API) that performs robotic process automation. For ...