Hot AI startup UiPath just laid off about 400 people — only a few months after raising $568 million at a $7 billion valuation

UiPath laid off about 400 people this week, and its chief financial officer will be leaving at the end of the year, the software-automation startup’s chief marketing officer told Business Insider. The news was first reported by Nick Ismail of Information Age.The layoffs came just a few months after the company raised $568 million, which boosted…

Hot AI startup UiPath just laid off about 400 people — only a few months after raising $568 million at a $7 billion valuation

UiPath laid off about 400 people this week, and its chief financial officer will be leaving at the end of the year, the software-automation startup’s chief marketing officer told Business Insider. The news was first reported by Nick Ismail of Information Age.The layoffs came just a few months after the company raised $568 million, which boosted it to a $7 billion valuation.Chief Marketing Officer Bobby Patrick said the company was shifting its focus to more customer-facing operations, adding, “We’re too slow to respond on tactical customer needs.”Click here for more BI Prime stories.UiPath laid off about 400 people this week, six months after the AI-software-automation startup raised $568 million, which boosted its valuation to $7 billion. The news was first reported by Nick Ismail of Information Age.Marie Myers, the company’s chief financial officer, who joined in January, is also leavin
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