iRobot lays off another 105 employees
iRobot has laid off 105 employees, about 16% of its workforce, as part of a restructuring plan following earlier cuts of 350 jobs due to a failed Amazon acquisition.
Read original article
iRobot has announced the layoff of 105 employees, representing approximately 16% of its workforce, as part of an operational restructuring plan. This decision follows earlier layoffs in 2024, where the company reduced its workforce by about 31%, totaling around 350 jobs. These earlier cuts were prompted by the termination of a planned $1.7 billion acquisition by Amazon, which was abandoned due to regulatory concerns in the European Union. iRobot received a $94 million termination fee from Amazon as a result of this deal falling through. During the company's Q3 2024 earnings call, CEO Gary Cohen emphasized that these layoffs, while difficult, are intended to enhance operational efficiency and enable the company to introduce new products with fewer resources and lower costs. Since the beginning of 2024, iRobot has cut its global workforce by nearly 50%.
- iRobot has laid off 105 employees, about 16% of its workforce.
- The layoffs are part of an operational restructuring plan.
- Earlier in 2024, iRobot cut approximately 350 jobs, or 31% of its workforce.
- The layoffs followed the termination of a $1.7 billion acquisition deal with Amazon.
- iRobot's CEO stated the changes aim to improve efficiency and reduce costs.
Related
UIPath to lay off 10% of workforce in companywide restructuring
UiPath is restructuring, cutting 10% of its workforce (420 jobs) due to declining shares and revenue challenges post-IPO. The move aims to enhance operational efficiency and AI investments, incurring $15-20 million in layoff costs. CEO transition also impacted market.
Tax preparation company Intuit to lay off 1,800 as part of an AI-focused reorg
Intuit reorganizes with AI focus, cutting 1,800 jobs (10% of workforce). Layoffs due to performance and reallocation. Offices in Boise and Edmonton to close. Affected employees to receive compensation. Shares drop 3.6%.
Dell lays off 12,500 people
Dell has laid off around 12,500 employees, about 10% of its workforce, as part of a reorganization to focus on modern IT and AI solutions, amid industry-wide job cuts.
Brave lays off 27 employees
Brave has laid off 27 employees, about 14% of its workforce, following a previous 9% reduction. The company is focusing on AI but has not disclosed reasons or costs for layoffs.
Amazon Layoffs: Tech Firm to Cut 14,000 Manager Positions by 2025, Says Report
Amazon plans to cut 14,000 managerial positions by early 2025 to save $3 billion annually and improve efficiency, while requiring employees to return to the office full-time starting January 2025.
0 commentsRelated
UIPath to lay off 10% of workforce in companywide restructuring
UiPath is restructuring, cutting 10% of its workforce (420 jobs) due to declining shares and revenue challenges post-IPO. The move aims to enhance operational efficiency and AI investments, incurring $15-20 million in layoff costs. CEO transition also impacted market.
Tax preparation company Intuit to lay off 1,800 as part of an AI-focused reorg
Intuit reorganizes with AI focus, cutting 1,800 jobs (10% of workforce). Layoffs due to performance and reallocation. Offices in Boise and Edmonton to close. Affected employees to receive compensation. Shares drop 3.6%.
Dell lays off 12,500 people
Dell has laid off around 12,500 employees, about 10% of its workforce, as part of a reorganization to focus on modern IT and AI solutions, amid industry-wide job cuts.
Brave lays off 27 employees
Brave has laid off 27 employees, about 14% of its workforce, following a previous 9% reduction. The company is focusing on AI but has not disclosed reasons or costs for layoffs.
Amazon Layoffs: Tech Firm to Cut 14,000 Manager Positions by 2025, Says Report
Amazon plans to cut 14,000 managerial positions by early 2025 to save $3 billion annually and improve efficiency, while requiring employees to return to the office full-time starting January 2025.