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Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff (www.cnbc.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[-] avidamoeba@lemmy.ca 43 points 9 months ago

Good news for us Roomba users, not so good news for employees. 😑

[-] Ghostalmedia@lemmy.world 15 points 9 months ago

I don’t know if this actually good for Roomba users. Selling to Amazon, and maintaining the status quo are both bad for the user.

This isn’t a healthy company. It’s a busted company that Amazon was looking to salvage or rehabilitate.

[-] avidamoeba@lemmy.ca 25 points 9 months ago* (last edited 9 months ago)

Is it a busted company? I quickly found data for 2009-2022 and they've registered profit for every year till 2022 when they had their first loss. They've been around since the 90s.

[-] Patches@sh.itjust.works 13 points 9 months ago* (last edited 9 months ago)

every year till 2022 when they had their first loss

Numbers must always go up. Never down.

Especially when interest rates quadrupled.

this post was submitted on 29 Jan 2024

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