iRobot lays off another 105 employees

Company Overview - iRobot is laying off 105 employees, which constitutes about 16% of its workforce, as part of an operational restructuring plan [1] - Since the beginning of 2024, iRobot has reduced its global workforce by approximately 50% [1] - Earlier this year, iRobot had already cut around 350 jobs, representing about 31% of its workforce [1] Acquisition Details - Amazon had intended to acquire iRobot for $1.7 billion, but the agreement was mutually terminated due to regulatory approval concerns in the European Union [2] - As a result of the termination, iRobot received a$94 million fee from Amazon [2] Operational Changes - iRobot's CEO Gary Cohen stated that the recent layoffs are part of a transformation that has changed the way the company collaborates with partners to develop and build robots [3] - The new operating model is designed to significantly increase new product introductions while utilizing less than half of the internal resources and approximately one-third of the cost [3] - This transformation aims to enhance performance and generate long-term shareholder value [3]