New슬롯 머신 사이트 추천York, July 10:슬롯 머신 사이트 추천슬롯 머신 사이트 추천UiPath, a US-based AI and business automation software company, announced reducing 10% of its슬롯 머신 사이트 추천workforce as it began implementing a broader restructuring. UiPath is a multinational software company known for robotic process automation슬롯 머신 사이트 추천software and offers artificial슬롯 머신 사이트 추천intelligence for real-world enterprises. UiPath layoffs슬롯 머신 사이트 추천will reportedly result슬롯 머신 사이트 추천in around 420슬롯 머신 사이트 추천people슬롯 머신 사이트 추천to lose their jobs.슬롯 머신 사이트 추천슬롯 머신 사이트 추천

UiPath's latest attempt to restructure its business has resulted in슬롯 머신 사이트 추천a reduction in employee numbers. The company had been struggling amid슬롯 머신 사이트 추천decrease in stock price and CEO's departure from the슬롯 머신 사이트 추천company. In May 2024, UiPath CEO Robert Enslin announced his슬롯 머신 사이트 추천resignation슬롯 머신 사이트 추천effective from June 1, 2024, and later was succeeded by Daniel Dines, the company's co-founder. It resulted in the company's stock슬롯 머신 사이트 추천falling 30%.슬롯 머신 사이트 추천UKG Layoffs: US-Based Software Firm Announces Massive Layoff Round, Cuts Over 2,200 Jobs as Part of Organisational Changes To Focus on Growth Areas.

CBNC슬롯 머신 사이트 추천 that슬롯 머신 사이트 추천the business automation software company said in an SEC filing that it would cut a 10% reduction in슬롯 머신 사이트 추천its workforce, leading to슬롯 머신 사이트 추천nearly 420슬롯 머신 사이트 추천people losing슬롯 머신 사이트 추천their jobs. The UiPath layoffs will슬롯 머신 사이트 추천be implemented by the end of the first quarter of fiscal year 2026, which will end next April.슬롯 머신 사이트 추천슬롯 머신 사이트 추천

The UiPath job cuts resulted from the company's facing price fall of around 7% on July 9, 2024, to close at USD 11.93. By far, the report highlighted that the company lost over half of their value this year, with Nasdaq up 23% over that stretch.슬롯 머신 사이트 추천It also mentioned that the software슬롯 머신 사이트 추천company witnessed a slowdown in revenue growth after one of the most significant IPO슬롯 머신 사이트 추천announcements in the United States in 2021. The company슬롯 머신 사이트 추천said it슬롯 머신 사이트 추천would expect between USD 1.4 billion and USD 1.41 billion compared to previous revenue guidance of USD 1.55 billion to USD 1.56 billion.슬롯 머신 사이트 추천Dyson Layoffs: British Appliance Maker To Lay Off Around 1,000 Employees in Britain; Check Details.

UiPath said that the layoffs would cost USD 15 million to USD 20 million, and total restructuring costs would be around USD 17 million and USD 25 million.슬롯 머신 사이트 추천Its current forecast would equal annual growth of about 7.5%, down from 24% the prior year. UiPath said that the new changes슬롯 머신 사이트 추천reflected its efforts to reshape the organisation by streamlining슬롯 머신 사이트 추천the structure of the company. The company also added that the decision of UiPath layoffs was aimed to facilitate operational and corporate functions to prioritise its 'go-to-market' investments. The AI business automation provider also said it would focus more on research and development investment in슬롯 머신 사이트 추천artificial intelligence and innovation.슬롯 머신 사이트 추천

(The above story first appeared on LatestLY on Jul 10, 2024 01:47 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).