Brief: UiPath Inc Approves Restructuring Actions To Manage Its Operating Expenses

UiPath

09/07/2024 12:12

July 9 (Reuters) - UiPath Inc  PATH.N :
    * UIPATH INC - APPROVED RESTRUCTURING ACTIONS TO MANAGE ITS
OPERATING EXPENSES
    * UIPATH INC - RESTRUCTURING EXPECTED TO INCLUDE AN OVERALL
REDUCTION OF ABOUT 10% OF CO'S GLOBAL WORKFORCE
    * UIPATH INC - MOST OF THE REDUCTION EXPECTED TO OCCUR BY
END OF
Q1 OF FISCAL YEAR 2026
    * UIPATH INC - EXPECTS TO INCUR COSTS OF $15 MILLION TO $20
MILLION RELATED TO EMPLOYEE TERMINATION BENEFITS
    * UIPATH INC - EXPECTS TO INCUR COST ABOUT $2 MILLION TO $5
MILLION IN CONNECTION WITH LEASE EXIT AND OTHER CONTRACTUAL
COSTS

Source text for Eikon:  ID:n0001734722-24-000044 
Further company coverage:  PATH.N 

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