You’d be excused for overlooking this piece of news.
I totally admit to missing it in the excitement of last week’s Amazon takeover news on Friday (knowing nod to Robot Report for pointing it out). The later same day, in its quarterly financial report, iRobot disclosed intentions to slash 140 workers – nearly 10% of its worldwide staff.
The whole filing note is as follows: To better match its cost structure with near-term revenue, iRobot is in the process of reorganizing its operations, which is estimated to result in net savings of $5 million to $10 million in 2022 and $30 million to $40 million in 2023.
Amazon was not concerned in iRobot’s employment reduction decision, and the two firms will continue to operate separately.”
However, it is possible that the corporation is attempting to get its ducks in a row ahead of plans to integrate with Amazon’s consumer offering.
As we approach closer to the planned closing date of the acquisition, we should have a better idea of how the brand will appear under that corporate roof.
One unanswered question is how much Amazon intends to invest in current plans to expand iRobot’s portfolio.