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 $12 per share this morning. With a market capitalization of $6.8 billion and expected 2024 revenue of $1.4 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 ...