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UiPath to cut 5% of its workforce as part of restructuring plan

UiPath to cut 5% of its workforce as part of restructuring plan

UiPath IPO at the New York Stock Exchange.

Source: NYSE

UiPath will reduce roughly 5% of its total workforce as part of a restructuring plan, according

.

The company, a provider of software for automating office tasks, said that it had 4,200 employees as of April 30, 2022. Most of the layoffs are expected to occur by the end of July.

UiPath’s board approved the decision to reduce headcount, citing the need to increase profits,…

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