Roomba maker iRobot was a former $1.4 billion buyout target of Amazon... With the takeover scrapped, founder ColinAngle stepped down as CEO in January last year, suggesting that a leader with turnaround expertise might better serve the company ... ....
revenue plunged 47% in the fourth quarter ... The robot vacuum pioneer has initiated a formal strategic review after a failed Amazon acquisition, the departure of founder ColinAngle, and layoffs affecting over half its workforce ... .
The stark warning torpedoed the company’s stock 30% lower in premarket trading ...Soon afterward, iRobot founder ColinAngle departed the company, its stock cratered and the company laid off about half of its employees.
This follows a tumultuous year for the robotics company, which lost its CEO and founder ColinAngle, saw the planned purchase by Amazon fall apart under regulatory scrutiny, and laid off over 50 percent of its workforce ... .
After a tumultuous 2024, in which iRobot lost its founder and CEO, ColinAngle, Amazon abandoned its acquisition plans, and the company laid off a large portion of its staff, iRobot is back with a major shake-up of its robotic vacuum line.
