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“Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff”

Amazon said on Monday it would not move forward with a planned acquisition of vacuum-maker iRobot, with the two companies saying in a release there was “no path to regulatory approval for the deal.”

The Roomba maker also announced it would lay off 31% of its employees, around 350 people, and that its chair and CEO, Colin Angle, would step down effective immediately. Shares of iRobot fell 10% in morning trading on the news…”

https://www.cnbc.com/2024/01/29/amazon-terminates-irobot-deal-vacuum-maker-to-lay-off-31percent-of-staff.html

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