After Amazon ended its acquisition, iRobot plans to lay off 31% of its staff, or ~350 people, and says chair and CEO Colin Angle would step down; IRBT drops 5%+

CNBC 2024-01-30 Rohan Goswami

@carnage4life Dare Obasanjo on x
With the EU blocking Amazon's acquisition of Roomba, its CEO is stepping down and the company is laying off 31% of employees (350 people). Regulators blocking startup/company exits via acquisition is going to make startup funding even harder. https://www.theverge.com/...
@geoffmanne Geoffrey Manne on x
The expected hs happened. Now we'll have to see what happens to iRobot. It's not likely to be good. https://www.businesswire.com/ ... [image]
@geoffmanne Geoffrey Manne on x
And now we know. iRobot is in for restructuring, reduced R&D, job losses. I'm sure the scolds will be just as hard on the EU for these job losses as they were on Microsoft following the Activision merger. To be clear: The entirety of the blame for this is on the EU's... [image]
@bongcapital @bongcapital on x
On a scale of 1-10, how screwed is a company when they hand the CEO job to the company lawyer? *IROBOT CHIEF LEGAL OFFICER GLEN WEINSTEIN NAMED INTERIM CEO $IRBT
@mattmday Matt Day on x
oof. iRobot's CEO has stepped down, and the company will lay off 31% of its employees [image]
r/comedybangbang r on reddit
Please don't joke about iRobot layoffs this Christmas
r/technology r on reddit
Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff
r/Layoffs r on reddit
Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff
r/boston r on reddit
Amazon terminates iRobot deal, vacuum maker to lay off 31% of staff

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