UiPath cuts 10% of workforce. The stock is falling 7% in the day of announcement.
The company is laying off workers as part of a restructuring plan to manage operating expenses, according to a filing with the Securities and Exchange Commission.
UiPath’s layoffs will be somewhat gradual. Management expects to finish in the fiscal first quarter of 2026, which is one year away.
Considering it has around 4,200 employees, laying off 10% of the workforce is substantial. The company expects it to cost up to $25 million in restructuring costs.
Financial guidance from UiPath’s management implies (just) 8% year-over-year growth in fiscal 2025. But the stock is down again because the layoffs could imply that its growth won’t even be as good as its modest guidance.
„It’s possible. But it’s also possible that Dines is returning as CEO merely to get the company he helped found back on track for the long haul. Investors might not have clarity until August, when it’s expected that UiPath will report financial results for its fiscal second quarter.” – according to Yahoo Finance.
Dariusz Mazurkiewicz – CEO at BLIK Polish Payment Standard
Banking 4.0 – „how was the experience for you”
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