Still bleeding cash and handcuffed by Carlyle debt burden, iRobot can’t save the business by shipping jobs to China. Amazon CEO doesn’t think it will remain a going concern much... — read more
iRobot CEO compensation
Failed GC turned interim CEO continues to bilk the company and investors. Notice he makes more money if and when he fails. https://www.tipranks.com/news/company-announcements/irobot-appoints-glen-weinstein-as-interim-ceo-with-incentive-package
2023 revenue plummets and loses continue to mount. Inept interim CEO has no clue what to do except to fire loyal employees.
https://www.prnewswire.com/news-releases/irobot-reports-fourth-quarter-and-full-year-2023-financial-results-302071604.html
Amazon abandons IRobot deal. IRobot CEO steps down and axes 31% of the company!
https://www.theverge.com/2024/1/29/24034201/amazon-irobot-acquisition-over-antitrust-regulator-scrutiny
Layoffs?
How does everyone else feel? Now that the Amazon deal is nearly dead, I don’t see how they can afford to keep most of us. Good to luck to everyone. I hope I can land a new job soon.
Amazon deal may be blocked by EU.
it feels Amazon is not really cooperative or communicative about the EU investigation. I remember when Broadcom had the same in-depth investigation by EU , Hock Tan went to meet with EU commission to discuss acquisition. Seems like Bezos doesn’t care... — read more
Amazon closing in on iRobot
apparently this deal is closing after all and this will happen rather quickly.
Amazon hopeless acquisition
This is an embarrassing deal for Amazon. There's no innovation and barely any good people left at iRobot. The company's revenue is down more than 50% since the deal was announced. If the UK or US regulatory bodies sue to block the deal, Amazon can... — read more
Short sighted
They laid people off, are trying to hire, and are having a great quarter. Too bad they let people go that know the company and the culture (for better or worse). In this new world of Covid-19 and social distancing it will be extremely difficult if... — read more
Things aren't always as they appear
Recent reports of robotic vacuum cleaner sales 'far exceeding expectations' would lead one to believe the reasons for the May layoff were total B**t and that the Covid-19 scare provided excellent cover for management to CYA or upper management... — read more
Layoffs
Cut the lawnmower project - "shelved". I heard 75 let go.
Earnings and Downsizing
It looks like every time we report earnings there is like 50 people who will be let go. I do not get iRobot - seriously, what a messed up
Just look at the sales numbers and you'll figure out what's happening
Just look at the sales numbers and you'll figure out what's happening. Who want's Roomba any more? I mean, this used to be a fine company with solid growth but things got a bit stale over last couple of years. The folks are not motivated, iRobot is... — read more