iRobot announced a 10% staff cut the same day its Amazon news dropped

You’d be forgiven for missing this bit of news. I fully cop to not seeing it myself amid the buzz of last week’s Amazon acquisition news on Friday (knowing nod to Robot Report for pointing it out). Later that day, inside its quarterly earnings report, iRobot announced plans to cut 140 jobs — a figure that amounts to roughly 10% of its global workforce.
Here’s the full note from the filing:
To better align its cost structure with near-term revenue, iRobot is in the process of initiating a restructuring of its operations, which is expected to deliver net savings in the range of approximate

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