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Manufacturer of Roomba, a synonymous cleaning robotiRobotannounced that it will lay off 105 people, or 16% of its total workforce.
irbt-20241105
https://www.sec.gov/Archives/edgar/data/1159167/000115916724000077/irbt-20241105.htm
iRobot lays off another 105 employees | TechCrunch
https://techcrunch.com/2024/11/06/irobot-lays-off-another-105-employees/
iRobotAmerican Securities and Exchange CommissionDocuments filed with the SEC reveal that the company plans to cut 105 jobs, or 16% of its global workforce, as of September 28, 2024, as part of its business restructuring plan. It has become.
In addition, iRobot agreed to a sale contract to Amazon for approximately $ 170 billion (approximately 26.3 trillion yen) in August 2022.
Amazon to acquire iRobot, developer of robot vacuum cleaner “Roomba”, for approximately 230 billion yen – GIGAZINE
However, EU regulators have suspected that it may violate antitrust laws.I waited a long time for the acquisition.. after that,Failed to obtain approval from EU regulatorsTherefore, Amazon’s acquisition of iRobot has fallen through. Immediately after this acquisition collapsed, iRobot laid off 350 employees, representing 31% of its total workforce, in early 2024. Following the deal, iRobot will receive a cancellation fee of $94 million (approximately 14.5 billion yen) from Amazon.
Amazon cancels acquisition of iRobot, iRobot lays off 31% of employees & resigns as CEO – GIGAZINE
iRobot CEO Gary Cohen said in the company’s Q3 2024 earnings call that the job cuts, while difficult, will fundamentally change the way we work with partners to efficiently develop and build robots. “Our new operating model allows us to significantly increase new product adoption while reducing internal resources by more than half and costs by approximately one-third.”spoke.
In the third quarter of 2024 (July-September), iRobot’s sales increased 3.9% year-on-year to $193.4 million (approximately 30 billion yen), and GAAP operating expenses decreased 49% year-on-year. This amounted to 55.1 million dollars (approximately 8.5 billion yen), which clearly shows the effects of personnel reductions.
iRobot Reports Third-Quarter 2024 Financial Results | iRobot Corporation
https://investor.irobot.com/news-releases/news-release-details/irobot-reports-third-quarter-2024-financial-results
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