iRobot (IRBT) Looks to Cut 13% of Workforce in Cost Savings Plan
Today, the Boston Globe reports that the maker of such great items as the Roomba home cleaner and 710 Warrior nightmare defender [pictured], is cutting about 13 percent of its workforce, or 80 jobs.
CEO Colin Angle hinted at the move in its quarterly release, stating, "to right-size the business we have restructured D&S and taken costs out. These moves will result in a fourth quarter 2012 restructuring charge of $4-5 million." That's about $60,000 for each worker, which seems about right. Post-restructuring headcount should be about 510 or so.
Shares are off 19 percent on the session.