UiPath Inc. (PATH) provides a range of robotic process automation (RPA) solutions through an end-to-end automation platform. The company serves banking, healthcare, financial services, and government entities.
The company recently reported a restructuring involving significant layoffs. PATH’s Board of Directors included an additional approximately 6% reduction of its global workforce of approximately 4,025 as of October 31, 2022. The company now expects total restructuring expenses of approximately $30 million, up from the $15 million estimate provided earlier.
