“Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff”
January 30, 2024
“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…”