Roomba maker iRobot to lay off about 7% of its workforce
Publishing timestamp: 2023-02-13 18:51:05
Summary
iRobot is laying off 7% of its workforce, or 85 employees, due to market conditions and to improve profitability. The company is also in the process of being acquired by Amazon for $1.7 billion, but the deal is still under review by the Federal Trade Commission. Other tech companies have also announced layoffs in recent months due to rising interest rates and slowing consumer demand. iRobot will take a $4 million impairment charge as a result of the layoffs.
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Keywords: internet, technology, amazon.com inc, alphabet class a, meta platforms inc, irobot corp, salesforce inc, business news,
Source: https://www.cnbc.com/2023/02/13/irobot-layoffs-7percent-of-workforce-at-roomba-maker-let-go.html