Roomba maker iRobot is shedding 105 staff — about 16% of the corporate’s workforce, per an SEC filing — saying the cuts are a part of an “operational restructuring plan.”
The transfer comes after iRobot slashed roughly 350 jobs — about 31% of its workforce — earlier this 12 months. These cuts had been made after plans for an Amazon acquisition fell via. Amazon deliberate to amass iRobot for $1.7 billion, however the corporations mutually terminated the settlement, noting that they didn’t see a path to regulatory approval within the European Union. iRobot obtained a $94 million termination charge from Amazon because of this.
iRobot CEO Gary Cohen addressed the newest cuts throughout the firm’s Q3 2024 earnings call on Wednesday.
“These strikes, whereas difficult, have essentially modified the best way we work with our companions to effectively develop and construct our robots,” Cohen stated. “Our new working mannequin is ready to ship a big improve in new product introductions with lower than half the interior sources and roughly one-third the associated fee.”
Because the begin of 2024, the corporate has lowered its international workforce by roughly 50%.
