News Briefing. The broad market index advanced 0.07% to close the session at 5,576.98. This marks the index's 36th record close in 2024. Also posting gains, theadded 0.14%, closing the session at 18,429.29. Just like the S&P, the tech-heavy index ended the day at a fresh record, and both hit all-time highs during the trading session.
– about 420 jobs – as part of its restructuring plan. The majority of the layoffs will be carried out by the end of the fiscal first quarter, which ends next April. The company also revealed that it expects to incur between $15 million and $20 million in layoff-related costs, with total restructuring costs being between $17 million and $25 million. This comes after UiPathof job cuts back in 2022. Shares of the company dropped about 7% during Tuesday's trading session following the news.