Roomba maker iRobot is shedding 105 staff — about 16% of the corporate’s workforce, — in accordance a U.S. Securities and Exchange Commission submitting. The firm says the cuts are a part of an “operational restructuring plan.” Since the beginning of 2024, the corporate has decreased its world workforce by roughly 50%.
The newest cuts come after iRobot slashed roughly 350 jobs — about 31% of its workforce — earlier this yr. The cuts had been made after plans for an Amazon acquisition fell by way of.
Amazon had deliberate to amass iRobot for $1.7 billion, however the firms mutually terminated the settlement, noting that they didn’t see a path to regulatory approval within the European Union. iRobot acquired a $94 million termination charge from Amazon in consequence.
iRobot CEO Gary Cohen addressed the most recent cuts throughout the firm’s Q3 2024 earnings name on Wednesday.
“These strikes, whereas difficult, have basically modified the way in which we work with our companions to effectively develop and construct our robots,” Cohen mentioned. “Our new working mannequin is ready to ship a big improve in new product introductions with lower than half the inner sources and roughly one-third the price. This transformation is central to enhance our efficiency and generate long-term shareholder worth.”
