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iRobot to cut 9% of workers from military div; consumer products booming

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05 November 2011



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… iRobot CEO Colin Angle said the workforce reduction will result in a $1 million charge but won’t impact the home robots business unit.
… Federal government cutbacks in military R&D spending are the reason for the reduction in force.
… The home robot business grew 32 percent in the quarter — with 56 percent growth outside the U.S.




Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.





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