Massachusetts-based iRobot has been restructuring since the Amazon deal plunged into uncertainty. The company has laid off 51% of its workforce since the end of 2023, and iRobot has looked to reignite revenue growth by overhauling its product lineup. The company on Tuesday launched eight new Roombas in the hopes of "better positioning iRobot as the leader in the category that we created," CEO Gary Cohen said in a statement.
"There can be no assurance that the new product launches will be successful," iRobot said in its Wednesday earnings statement, citing limited consumer demand, tariff uncertainty and heightened competition.