iRobot to cut 350 jobs in restructuring after Amazon scraps acquisition deal
IRobot is expecting a fourth-quarter loss of up to $285 million.
Source: marketwatch.com
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IRobot is expecting a fourth-quarter loss of up to $285 million.
The heaviest stretch of the fourth-quarter earnings storm hits this week, with 106 companies set to report results.
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IRobot is laying off 31% of its staff and CEO Colin Angle is stepping down.
The Roomba maker said it will now focus on its own restructuring and becoming profitable again, after a proposed merger with Amazon fell apart.