iRobot laying off 10% of staff

The layoffs are part of a restructuring that iRobot said will save the company up to $10 million in 2022 and between $30-$40 million in 2023. This was the same day iRobot announced it was being acquired by Amazon for $1.7 billion. However, iRobot said the two events are not related. To better align costs with near-term revenue, part of the restructuring includes shifting certain non-core engineering functions to lower-cost regions and increasing use of iRobot's joint design manufacturing (JDM) partners. "These actions help support the company's near-term priorities to drive innovation by executing on its product roadmaps, optimize inventory levels across all major channels, expand DTC sales and position the business for profitable growth in 2023," iRobot said in its earnings statement.