The UiPath job reductions are part of its restructuring plan. The company estimates it will incur about $15 million in restructuring expenses. Read More...
Benzinga
UiPath Plans Job Cuts: All You Need To Know
UiPath, Inc (NYSE: PATH) approved restructuring actions to manage its operating expenses. The measures will likely include an overall reduction of 5% of its global workforce of 4,200 as of April 30. Most layoffs will likely occur by the end of the Q2 of 2023. The company estimates it will incur approximately $15 million in restructuring expenses. UiPath reiterated its earnings guidance set on June 1. UiPath sees Q2 revenue of $229 million – $231 million, below the consensus of $231.1 million; No
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