iRobot CEO Gary Cohen addressed the latest cuts during the company’s Q3 2024 earnings call on Wednesday.
“These moves, while challenging, have fundamentally changed the way we work with our partners to efficiently develop and build our robots,” Cohen said. “Our new operating model is able to deliver a significant increase in new product introductions with less than half the internal resources and approximately one-third the cost.”
Since the start of 2024, the company has reduced its global workforce by approximately 50%.