UiPath

UiPath to Layoff 5% of Employees amid Restructuring Plan

UiPath (NYSE: PATH) is reducing its overall workforce by 5% amid its new restructuring plan, according to an SEC filing. The majority of the layoffs are expected to take place at the end of its second fiscal quarter of 2023. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”PATH” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”PATH” range=”1mo” interval=”1d” axes=”true” cursor=”true” …

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UiPath Shares Fall 24% Amid Weak Outlook

UiPath (NYSE: PATH) shares tumbled 24% on Thursday morning after the software company disclosed a weak outlook for its fiscal first-quarter 2023. Furthermore, the company reported positive fourth-quarter earnings. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”PATH” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”PATH” range=”1mo” interval=”1d” axes=”true” cursor=”true” api=”yf” style=”width: 100%; height: 300px;”] The global software company reported earnings …

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