The company said it is in the process of initiating a “restructuring of its operations” to better align its cost structure with near-term revenues.
“The actions are expected to result in a net reduction of approximately 140 employees, equivalent to 10 percent of the company’s workforce as of July 2, 2022,” it said in its quarterly report.
The restructuring, the company said, is expected to deliver net savings of about $5 million to $10 million by 2022 and about $30 million to $40 million by 2023.
This latest round is double the number of iRobot layoffs in April 2020 at the start of the pandemic.
The resignation from iRobot came when Amazon announced it was acquiring iRobot for $1.7 billion in a cash deal.
iRobot introduced the first
Upon completion of the transaction,
“Since we started iRobot, our team has been on a mission to create innovative, practical products that make life easier for customers, leading to inventions such as the Roomba and
“Amazon shares our passion for building thoughtful innovations that empower people to do more at home, and I can’t think of a better place for our team to continue our mission,” he added.
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