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

submitted 9 months ago by [email protected] to c/[email protected]

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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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[–] [email protected] 43 points 9 months ago (3 children)

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

[–] [email protected] 15 points 9 months ago (2 children)

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.

[–] [email protected] 25 points 9 months ago* (last edited 9 months ago) (1 children)

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.

[–] [email protected] 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.