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iRobot Lays Off 10% Workforce Amid $1.7 Billion Amazon Acquisition

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Global consumer robot company i robotacquired by Amazon for $1.7 billion last week, it laid off 10 percent of its workforce — nearly 140 employees.



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 roomba robot vacuum cleaner in 2002 and has sold millions of robots worldwide for cleaning, mapping and navigation.

Upon completion of the transaction, Colin Hoek stays on as CEO of iRobot.

“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 iRobot operating systemsaid Angle, chairman and CEO.

“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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