##
# Used a delimiter other than '/' to avoid escaping '/'.
$p =~ s!//+!/!g;
####
$p = '/vobs/synergy_core_apps/code/../code/personalize/src';
print 'before: ' , $p , "\n";
# Besides the /g flag, used /x in order to make the pattern stand out.
$p =~ s{ ([^/]+) /[.]{2}/ \1 } /$1/gx;
print 'after: ' , $p , "\n";