UiPath Announces 10% Cut in Staff to Reduce Costs

UiPath, a provider of artificial intelligence (AI)-powered enterprise automation technology, said Tuesday (July 9) that it will lay off 10% of its global workforce as part of a restructuring aimed at managing its operating expenses. "This workforce reduction is aimed at further driving operational efficiency and customer centricity," the company said in the filing. "These changes reflect efforts to reshape the organization by streamlining the company's structure, particularly in operational and corporate fu ...