Information Age reports that an internal source suggested this came as a surprise, given the fact that the leading player in the Robot Process Automation (RPA) market has attracted $568 million in Series D funding this year, placing the company’s value at $7 billion.
A UiPath spokesperson exclusively told Information Age that “while the business has grown at an incredible rate, it’s natural that we evaluate our teams and internal investments from time to time. In this case, we have made the decision to trim back in areas that don’t align with our current business focus. This has impacted less than 400 employees globally. But even with these changes, we have 50% more employees than on January 1, 2019.”
UiPath CFO Marie Myers is also reportedly leaving the company after joining it at the beginning of this year.
UiPath has over 3,200 employees globally, of which 1,000 in Bucharest.
UiPath recently acquired ProcessGold in Netherlands and StepShot in Estonia.