iRobot Announces Operational Restructuring Plan to Position Company for the Future

January 29, 2024

https://www.prnewswire.com/news-releases/irobot-announces-operational-restructuring-plan-to-position-company-for-the-future-302046345.html

Announces Leadership Transition 

Provides Preliminary Fourth Quarter Results; Schedules Conference Call for February 27, 2024

BEDFORD, Mass., Jan. 29, 2024 /PRNewswire/ — Today, iRobot Corporation (NASDAQ: IRBT), a leader in consumer robots, announced that it will implement an operational restructuring plan designed to position the Company for stabilization in the current environment, while focusing on profitability and advancing key growth initiatives to extend its market share in the mid-tier and premium segments. This plan was approved following iRobot’s and Amazon’s mutual decision to terminate their previously announced merger agreement. That announcement can be found here.

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