{"schema_version":"secwatch.filing_event.v1","accession":"0001734722-24-000044","form_type":"8-K","ticker":"PATH","cik":"0001734722","company_name":"UiPath, Inc.","filed_at":"2024-07-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.354240+00:00","generated_at":"2026-05-31T22:37:50.200749+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"UiPath approves 10% workforce reduction; expects $17-25M in restructuring costs","bullets":["Board approved ~10% reduction of ~4,200 global workforce; most cuts by end of Q1 FY2026.","Estimated costs: $15-20M for employee termination benefits, $2-5M for lease/contractual exits.","Total restructuring cash costs of $17-25M, predominantly incurred in Q1 FY2026.","Actions aim to streamline structure, prioritize go-to-market, and focus R&D on AI and innovation.","Workforce reduction subject to local law compliance and consultation requirements."],"urls":{"canonical":"https://secwatch.observer/filing/0001734722-24-000044","json":"https://secwatch.observer/filing/0001734722-24-000044.json","markdown":"https://secwatch.observer/filing/0001734722-24-000044.md","text":"https://secwatch.observer/filing/0001734722-24-000044.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1734722/000173472224000044/0001734722-24-000044-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1734722/000173472224000044/path-20240708.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T22:37:50.200749+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aec6edc76ba03d7a3d872af34f5a26f26da677b7","claim":"UiPath, Inc. announced a restructuring with charges of $15 million to $20 million related to employee termination benefits and approximately $2 million to $5 million in connection with lease exit and other contractu affecting operational and corporate functions (approximately 10% of the Company’s global workforce of approximately 4,200).","evidence_excerpt":"and focusing our research and development investments on artificial intelligence and driving innovation across our platform. The Company estimates that it will incur costs of $15 million to $20 million related to employee termination benefits and approximately $2 million to $5 million in connection with lease exit and other contractual costs. The total","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1734722/000173472224000044/0001734722-24-000044-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$15 million to $20 million related to employee termination benefits and approximately $2 million to $5 million in connection with lease exit and other contractu"},{"label":"Affected area","value":"operational and corporate functions"},{"label":"Headcount","value":"approximately 10% of the Company’s global workforce of approximately 4,200"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}