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Glen Weinstein, iRobot's Executive Vice President and Chief Legal Officer, has been appointed Interim CEO, and Miller has been appointed Chairman of the Board. iRobot anticipates reporting full-year 2023 revenue of $891 million, a 25 per cent reduction as compared to the same period last year. iRobot Layoffs: After Amazon Terminates Acquisition Deal, Consumer Robot Maker Announces To Lay Off Around 350 Employees, Nearly 31% Workforce. ....
From Spirit Airlines debut refinancing, China s brakes of EV growth, to Tata Steel s blast furance shut down, Meta s billion dollars investment, Microsoft hacking and more, here s a look at recent business developments around the world ....
The European Union s competition watchdog, the European Commission, plans to block Amazon s $1.4 billion acquisition of iRobot, a robot vacuum maker. Amazon was informed during its meeting with European Commission officials that the deal was likely to be rejected. ....