Roomba Maker iRobot Files for Bankruptcy Amid Market Pressures

Roomba maker iRobot files for bankruptcy amid market pressures, as rising costs, weak demand, and intense competition force the robotics company to restructure operations and reassess its long-term survival strategy.

iRobot, Maker of Roomba Vacuums, Files for Chapter 11 Bankruptcy The company behind the widely recognized Roomba robotic vacuum cleaner, iRobot Corp., has filed for Chapter 11 bankruptcy protection, marking a dramatic turn for one of the earliest pioneers in consumer robotics. The announcement comes after years of mounting financial strain, intense global competition, rising … Read more