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Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff
Amazon and iRobot said regulatory concerns made it impossible for the deal to move forward, sending the Roomba makers' shares plummeting.
iRobot said it would focus on margin improvements, reduce spending on research and development, and pause all work on "non-floorcare" products, including its air purifiers and robotic lawn mowers. In July, iRobot entered into a $200 million financing facility from the Carlyle Group, in order to fund the company's operations as a stopgap until the Amazon deal closed. Amazon is also one of the subjects of a Federal Trade Commission inquiry into the investments and partnerships between Big Tech and artificial intelligence developers such as Anthropic and OpenAI.
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