UiPath Inc - Ordinary Shares - Class A

NYSE:PATH   3:39:12 PM EDT
12.30
+0.53 (+4.50%)
Layoffs, Other Pre-Announcement

UiPath Inc Says On Nov 10, Board Approved Further Restructuring Actions Of 6% Of The Co's Global Workforce

Published: 11/14/2022 22:59 GMT
UiPath Inc - Ordinary Shares - Class A (PATH) - On Nov 10, Board Approved Further Restructuring Actions of 6% of the Co’s Global Workforce.
Uipath- Actions Expected to Include an Additional Reduction Across Functions of About 6% of Co's Global Workforce of About 4,025 As of Oct 31, 2022.
Most of These Workforce Reductions Expected to Occur by the End of Fiscal Year 2023.
Now Expects Total Restructuring Expenses of Approximately $30 Million.
Continue to Anticipate Majority of the Total Charges Related to Restructuring Will Be Recognized, Paid by the End of Fiscal Year 2023.
Sees Q3 2023 Revenue of About $260 Million.
Sees Q3 2023 Arr of About $1.108 Billion As of Oct 31, 2022.
Q3 Revenue View $245.3 Million -- Refinitiv Ibes Data (analyst estimates).
Further Company Coverage: .
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