UiPath Inc. (PATH) to cut workforce by 10%

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UiPath to reduce 10% of global workforce, shares up

July 9, 2024 7:43 AM EDT

UiPath Inc. (NYSE: PATH) announced plans to cut around 10% of its global workforce, a new filing with the SEC showed.

Approved by the Board on Monday, UiPath said the move is part of a restructuring strategy to improve operational efficiency and customer focus.... More