Daniel Dines, Co-founder & CEO at UiPath addresses the audience during the third day of the Web Summit 2021 at Parque das Nacoes in Lisbon. UiPath, a developer of automation software, is cutting 10% of its workforce, or about 420 jobs, as part of a broader restructuring, the company said in filing with the SEC on Tuesday. Most of the layoffs will be implemented by the end of the first quarter of fiscal 2026, the company said. That quarter ends next April. UiPath shares dropped about 7% on Tuesday and have n ...

It's possible. But it's also possible that Dines is returning as CEO merely to get the company he helped found back on track for the long haul. Investors might not have clarity until August, when it's expected that UiPath will report financial results for its fiscal second quarter. Management just made a decision that could imply softer-than-expected growth for the software company. Shares of software company UiPath (PATH -6.64%) sank on Tuesday after the company announced a round of layoffs. As of 10:45 a. ...

About Oliver Haill About this content Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup New ...

UiPath Inc. NYSE: PATH is the leader in robotic process automation (RPA) and business process automation (BPA). The company has been involved with artificial intelligence (AI) for years, using it to help customers task mine and automate manual software processes. However, UiPath saw its stock plunge 34% immediately following its fiscal Q1 2025 earnings, leaving investors in shock over the company's future. Get UiPath alerts: UiPath: A Value Play Based on Cash Alone The company is bolstering its generative A ...

SO WHAT: If you purchased UiPath securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements concerning the success of UiPath's turnaround strategy, which had been designed to accelerate growth. For instance, defendants represented that UiPath was "executing against that stra ...

The Allegations: Robbins LLP is Investigating Allegations that UiPath, Inc. (PATH) Misled Investors Regarding it Business Prospects For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The complaint alleges that on May 29, 2024, UiPath announced the sudden departure of defendant Enslin as CEO and the reappointment of defendant Dines as CEO. On the same day, UiPath announced disappointing 1Q 25 financial results and significantly cut its FY 25 revenue gui ...

So what: If you purchased UiPath securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. Details of the case: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements concerning the success of UiPath's turnaround strategy, which had been designed to accelerate growth. For instance, defendants represented that UiPath was "executing against that stra ...

NEW YORK, July 08, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces it has filed a lawsuit against UiPath, Inc. ("UiPath" or the "Company") (NYSE:PATH) and certain of the Company's senior executives. If you suffered losses on your UiPath investment, you are encouraged to submit your information at https://www.bfalaw.com/cases/uipath-inc-investigation. The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements co ...

LOS ANGELES, July 02, 2024 (GLOBE NEWSWIRE) -- On May 29, 2024, UiPath released its quarterly financial results, disclosing that the Company was experiencing "contract execution challenges on large deals and certain sales compensation changes" which it is "working to rectify." The Company stated that it had "incentivized a little bit less the multiyear deals, which . . . was an execution issue." The Company also announced that CEO Rob Enslin is resigning from his position effective June 1, 2024, and will be ...

NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in UiPath, Inc. ("UiPath" or the "Company") (NYSE: PATH) of a class action securities lawsuit. PATH investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. https://zlk.com/pslra-1/uipat ...