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UiPath to Cut 5% of Global Workforce

By Sam Boughedda In a Securities and Exchange Commission filing, software company UiPath (NYSE:PATH) said they have approved restructuring actions to manage operating expenses,...
UiPath to Cut 5% of Global Workforce © Reuters. UiPath (PATH) to Cut 5% of Global Workforce

By Sam Boughedda

In a Securities and Exchange Commission filing, software company UiPath (NYSE:PATH) said they have approved restructuring actions to manage operating expenses, which includes an overall reduction of approximately 5% of its global workforce of approximately 4,200.

Most of the layoffs are expected to occur by the end of its second fiscal quarter of 2023.

"This workforce reduction is aimed at simplifying our go-to-market approach starting with an alignment that we believe will result in better market segmentation, higher sales productivity, and best-in-class customer experience and outcomes," the company said in the filing.

UiPath said it estimates it will incur approximately $15 million in restructuring expenses, mainly related to severance and compensation packages.

UiPath has joined the list of companies laying off staff, with several companies such as Netflix (NASDAQ:NFLX), Microsoft (NASDAQ:MSFT), and PayPal (NASDAQ:PYPL) rolling out layoffs and hiring freezes.

UiPath shares are trading 1% lower in early Monday trading, adding to its 50% year-to-date loss.

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17-08-2022 22:39:19 (UTC+7)

EUR/USD

1.0166

-0.0004 (-0.04%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

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EUR/USD

1.0166

-0.0004 (-0.04%)

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↑ Sell

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Sell (12)

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GBP/USD

1.2043

-0.0050 (-0.41%)

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↑ Sell

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Indicators:

Buy (1)

Sell (8)

USD/JPY

135.43

+1.22 (+0.91%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Indicators:

Buy (6)

Sell (1)

AUD/USD

0.6916

-0.0106 (-1.51%)

Summary

↑ Sell

Moving Avg:

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Indicators:

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USD/CAD

1.2924

+0.0080 (+0.63%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

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Sell (0)

EUR/JPY

137.66

+1.17 (+0.86%)

Summary

Neutral

Moving Avg:

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Indicators:

Buy (4)

Sell (1)

EUR/CHF

0.9692

+0.0038 (+0.39%)

Summary

Neutral

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Sell (5)

Indicators:

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Gold Futures

1,777.40

-12.30 (-0.69%)

Summary

Neutral

Moving Avg:

Buy (3)

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Indicators:

Buy (6)

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Silver Futures

19.677

-0.408 (-2.03%)

Summary

Neutral

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (5)

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Copper Futures

3.5745

-0.0500 (-1.38%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Crude Oil WTI Futures

86.83

+0.30 (+0.35%)

Summary

↑ Sell

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Sell (12)

Indicators:

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Brent Oil Futures

92.50

+0.16 (+0.17%)

Summary

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Natural Gas Futures

9.195

-0.134 (-1.44%)

Summary

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Indicators:

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US Coffee C Futures

219.95

+0.60 (+0.27%)

Summary

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Sell (8)

Indicators:

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Sell (11)

Euro Stoxx 50

3,753.25

-51.97 (-1.37%)

Summary

↑ Sell

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Sell (12)

Indicators:

Buy (0)

Sell (8)

S&P 500

4,263.80

-41.40 (-0.96%)

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↑ Sell

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Sell (12)

Indicators:

Buy (0)

Sell (9)

DAX

13,630.66

-279.46 (-2.01%)

Summary

Neutral

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Indicators:

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FTSE 100

7,516.15

-19.91 (-0.26%)

Summary

Neutral

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Hang Seng

19,922.45

+91.93 (+0.46%)

Summary

Neutral

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Sell (4)

US Small Cap 2000

1,978.20

-42.06 (-2.08%)

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Sell (12)

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Sell (9)

IBEX 35

8,434.88

-77.02 (-0.90%)

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Neutral

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Sell (1)

BASF SE NA O.N.

42.890

-1.860 (-4.16%)

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Neutral

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Sell (2)

Bayer AG NA

53.38

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Neutral

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Allianz SE VNA O.N.

177.39

-2.55 (-1.42%)

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Buy

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Adidas AG

168.88

-4.48 (-2.58%)

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Deutsche Lufthansa AG

6.465

-0.282 (-4.18%)

Summary

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Siemens AG Class N

108.44

-3.60 (-3.21%)

Summary

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Indicators:

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Deutsche Bank AG

8.840

-0.124 (-1.38%)

Summary

Neutral

Moving Avg:

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 EUR/USD1.0166↑ Sell
 GBP/USD1.2043↑ Sell
 USD/JPY135.43↑ Buy
 AUD/USD0.6916↑ Sell
 USD/CAD1.2924↑ Buy
 EUR/JPY137.66Neutral
 EUR/CHF0.9692Neutral
 Gold1,777.40Neutral
 Silver19.677Neutral
 Copper3.5745↑ Sell
 Crude Oil WTI86.83↑ Sell
 Brent Oil92.50↑ Sell
 Natural Gas9.195↑ Sell
 US Coffee C219.95↑ Sell
 Euro Stoxx 503,753.25↑ Sell
 S&P 5004,263.80↑ Sell
 DAX13,630.66Neutral
 FTSE 1007,516.15Neutral
 Hang Seng19,922.45Neutral
 Small Cap 20001,978.20↑ Sell
 IBEX 358,434.88Neutral
 BASF42.890Neutral
 Bayer53.38Neutral
 Allianz177.39Buy
 Adidas168.88↑ Sell
 Lufthansa6.465↑ Sell
 Siemens AG108.44↑ Sell
 Deutsche Bank AG8.840Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,600/ 6,700
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SJC HCM6,620/ 6,720
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SJC Hanoi6,620/ 6,722
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SJC Danang6,620/ 6,722
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SJC Nhatrang6,620/ 6,722
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SJC Cantho6,620/ 6,722
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Cập nhật 17-08-2022 22:39:21
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ↀ Giá vàng thế giới
$1,763.89-11.79-0.66%
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Sản phẩmVùng 1Vùng 2
RON 95-V25.34025.840
RON 95-III24.66025.150
E5 RON 92-II23.72024.190
DO 0.05S22.90023.350
DO 0,001S-V24.88025.370
Dầu hỏa 2-K23.32023.780
ↂ Giá dầu thô thế giới
WTI$87.13-0.06-0.07%
Brent$92.34+0.060.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.235,0023.545,00
EUR23.186,9924.485,46
GBP27.597,2628.774,17
JPY169,51179,46
KRW15,4518,83
Cập nhật lúc 18:50:59 17/08/2022
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