iRobot to lay off 350 employees after Amazon terminates acquisition deal ...Middle East

San Francisco: iRobot, which makes consumer robots, has announced to lay off around 350 employees — about 31 per cent of its workforce — and its founder and CEO, Colin Angle, would also step down. The layoffs came after the Amazon-iRobot $1.7 billion deal was mutually terminated over regulatory hurdles. Shares of iRobot fell 10 per cent after the deal termination news. As part of this workforce reduction, iRobot expects to record restructuring charges between $12 million and $13 million, primarily for severance and related costs, over the first two quarters of 2024, with the majority of the restructuring charges anticipated in the first quarter of 2024. “We must rapidly align our operating

Read More Details
Finally We wish PressBee provided you with enough information of ( iRobot to lay off 350 employees after Amazon terminates acquisition deal )

Also on site :

• Eva Longoria Sports Pink String Bikini for Beach Day with Husband and Son in Spain
• PHOTOS: Denver Pride Parade 2025
• Watch Morgan Wallen Bring Out Surprise Guest For Sizzling Duet During Night One At Camp Randall Stadium