Amazon and iRobot said regulatory concerns made it impossible for the deal to move forward, sending the Roomba makers' shares plummeting.

Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff::Amazon and iRobot said regulatory concerns made it impossible for the deal to move forward, sending the Roomba makers’ shares plummeting.

  • Copernican@lemmy.worldEnglish
    1·
    6 months ago

    iRobot said it would focus on margin improvements, reduce spending on research and development, and pause all work on “non-floorcare” products, including its air purifiers and robotic lawn mowers.

    I doubt it. If you are stopping r&d and killing whole product lines, it makes sense to lay off the teams directly tied to those product lines. I’m guessing they needed Amazon to help them break into the market for areas outside of floor vacuums?