Roomba maker announces plans to axe 31% of workforce and exit of CEO after collapse of acquisition
Amazon has abandoned its planned $1.4bn (£1.1bn) acquisition of the robot vacuum cleaner company iRobot, amid EU opposition to the deal.
The e-commerce company will pay a $94m break fee to iRobot, which immediately announced plans to axe 31% of its workforce – or 350 employees – and the departure of its chief executive.
More Stories
Jane Birkin’s original Hermès handbag to be sold at auction in Paris
Trump trade deal shows how vital China’s rare-earth metals are to US defense firms
BYD launches cheapest UK model in bid to overtake Tesla as biggest electric carmaker