Q&A with iRobot co-founder Colin Angle on the company's Chapter 11 bankruptcy, regulatory pressure that killed Amazon's deal, his new robotics startup, and more
When iRobot filed for Chapter 11 bankruptcy last Sunday, it marked the end of an era for one of America's most beloved robotics companies.
A look at iRobot, founded in 1990, and its slow collapse after US and EU regulatory pressure killed Amazon's $1.7B deal in 2024 amid growing Chinese competition
There's something painfully American about the arc of iRobot, the company that taught your vacuum to navigate around the furniture.
Q&A with iRobot founder Rodney Brooks on his startup Robust.AI, which builds warehouse robots, unrealistic expectations around humanoid robots and AI, and more
Every so often, we find ourselves in the middle of a massive technological wave that starts to upend our presumptions and our ideas about the past, present, and future.
iRobot appoints Gary Cohen as its new CEO after Colin Angle resigned in January 2024 and forecasts 2024 revenue with a midpoint of $837.5M, vs. $829.8M expected
Arsheeya Bajwa / Reuters :
In his annual shareholder letter, Andy Jassy says GenAI “may be the largest technology transformation since the cloud” and Amazon is committed to cost-cutting
how does Amazon remain resilient? While simple in its wording, it's profound because it gets to the heart of our success to date as well as for the future” His response: [image] Rihard Jarc / @rihardj...
Andy Jassy criticizes US and EU regulators for blocking the iRobot deal, saying they trust large Chinese companies more than Amazon with maps of home interiors
Annie Palmer / CNBC : X: @squawkcnbc and @ericjackson X: @squawkcnbc : “Last year were the fasting shipping speeds for Prime customers in the history of the company,” says Amazon CEO Andy Jassy. “In ...
After Amazon ended its acquisition, iRobot, whose robot vacuum market share has steadily eroded since 2014, could become an also-ran as Chinese companies gain
By abandoning its deal to buy iRobot, Amazon has left the robot vacuum maker stuck under the couch. Mastodon: @carnage4life@mas.to and @tess@mastodon.social . X: @gergelyorosz Forums: Hacker News and ...
Employee letter: PayPal plans to lay off around 2,500 employees, or about 9% of its workforce, and will cut back on open roles
The following message was shared with PayPal employees today by President & CEO Alex Chriss: Michael Grothaus / Fast Company : Tech layoffs 2024: Grim January ends with job cuts at PayPal, Block, iRob...
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%+
Rohan Goswami / CNBC :
After Amazon ended its acquisition, iRobot plans to lay off 31% of its staff, or ~350 people, and says chair and CEO Colin Angle will step down; IRBT drops 15%+
- Amazon and iRobot mutually agreed to call off their planned acquisition, writing that there was “no path” to regulatory approval and sending iRobot shares down 15%.