IRobot to Cut 105 Jobs in Another Restructuring

Dow Jones

2024-11-06

By Paul Ziobro

IRobot is cutting 105 jobs, or about 16% of its workforce, the second round of layoffs this year as the smart-vacuum company looks to trim costs.

The Bedford, Mass., company said Tuesday it plans to record about $5.3 million in charges related to severance packages and benefits as a result of the layoffs, with the majority of the charges anticipated in the fourth quarter.

The company earlier this year eliminated about 350 jobs, representing around 31% of its workers, after terminating a $1.7 billion sale to Amazon.com. The deal fell apart due to regulatory pushback, particularly in the European Union, where authorities were worried the deal could restrict competition in the market for robot vacuum cleaners.

IRobot shares closed Tuesday at $10.41, up 11%, although the stock is still down 73% this year.

Write to Paul Ziobro at paul.ziobro@wsj.com

(END) Dow Jones Newswires

November 05, 2024 16:23 ET (21:23 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The deal fell apart due to regulatory pushback, particularly in the European Union, where authorities were worried the deal could restrict competition in the market for robot vacuum cleaners. \n</p>\n<p>\n  IRobot shares closed Tuesday at $10.41, up 11%, although the stock is still down 73% this year. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Paul Ziobro at paul.ziobro@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 05, 2024 16:23 ET (21:23 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>IRobot to Cut 105 Jobs in Another Restructuring</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIRobot to Cut 105 Jobs in Another Restructuring\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-06 05:23</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Paul Ziobro \n</p>\n<pre>\n \n</pre>\n<p>\n  IRobot is cutting 105 jobs, or about 16% of its workforce, the second round of layoffs this year as the smart-vacuum company looks to trim costs. \n</p>\n<p>\n  The Bedford, Mass., company said Tuesday it plans to record about $5.3 million in charges related to severance packages and benefits as a result of the layoffs, with the majority of the charges anticipated in the fourth quarter. \n</p>\n<p>\n  The company earlier this year eliminated about 350 jobs, representing around 31% of its workers, after terminating a $1.7 billion sale to Amazon.com. The deal fell apart due to regulatory pushback, particularly in the European Union, where authorities were worried the deal could restrict competition in the market for robot vacuum cleaners. \n</p>\n<p>\n  IRobot shares closed Tuesday at $10.41, up 11%, although the stock is still down 73% this year. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Paul Ziobro at paul.ziobro@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 05, 2024 16:23 ET (21:23 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4191","symbol_name":"家用电器","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481865163","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481865163","pubTimestamp":1730841780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"IRobot is cutting 105 jobs, or about 16% of its workforce, the second round of layoffs this year as the smart-vacuum company looks to trim costs.The Bedford, Mass., company said Tuesday it plans to record about $5.3 million in charges related to severance packages and benefits as a result of the layoffs, with the majority of the charges anticipated in the fourth quarter.The company earlier this year eliminated about 350 jobs, representing around 31% of its workers, after terminating a $1.7 billion sale to Amazon.com. 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The deal fell apart due to regulatory pushback, particularly in the European Union, where authorities were worried the deal could restrict competition in the market for robot vacuum cleaners. \n\n\n  IRobot shares closed Tuesday at $10.41, up 11%, although the stock is still down 73% this year. \n\n\n \n\n\n  Write to Paul Ziobro at paul.ziobro@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 05, 2024 16:23 ET (21:23 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}