Softbank Robotics Europe cutting workforce 40% in shake-up

Softbank Robotics Europe, the group behind two of the more recognizable robots, is laying off 40% of its workforce. On July 7, the developer of the famous Nao and Pepper robots will reduce its Paris-based workforce that had 330 employees as of March 2021. The Robot Report confirmed this news, which was first reported by French media outlet Le Journal du Net. Softbank Robotics Europe lost \$38 million in its fiscal 2019-2020 year and more than \$119 million over the last three years, according to Le Journal du Net. Despite their worldwide fame, the Nao and Pepper robots never achieved financial success.