Ericsson Shares Slide Amid Q3 Earnings Miss, Higher Restructuring Expenses

By Scott Kanowsky — Shares Ericsson (ST:) tumbled by more than 14% on Thursday after the Swedish telecommunications company posted lower-than-expected third-quarter core and flagged a hike in restructuring costs. Earnings before interest, taxes and amortization during the period dropped to SEK 7.6B, down by 18% annually, due to increased investment in research and development … Read more

UiPath’s Go-To-Market Restructuring Not an Overnight Fix

© Reuters. By Sam Boughedda Barclays analysts downgraded shares of UiPath Inc (NYSE:) to Equal Weight from Overweight in a note on Tuesday, cutting the price target to $15 from $17 per share. They said UiPath’s go-to-market changes are not an overnight fix, and the company is in a digestive phase from leadership changes, and … Read more

Twilio to Cut Nearly 11% of Workforce in Restructuring Plan By

© Reuters By Sam Boughedda In a filing Wednesday, Twilio (NYSE:) said it plans to cut its workforce by nearly 11% in a restructuring effort. The cloud communications platform said the restructuring plan is designed to reduce operating costs, improve operating margins, and shift the company’s selling capacity to accelerate software sales. As a result … Read more