They were a few hundred million in debt. That’s gonna need more than a reorg to handle.
Comment on Roomba maker iRobot swept into bankruptcy
MDCCCLV@lemmy.ca 1 month agoI think the part where if they had limited their debt and controlled their costs they should still be selling enough to stay open. The other products are better but they still don’t have the brand recognition.
AwesomeLowlander@sh.itjust.works 1 month ago
Rooster326@programming.dev 1 month ago
They literally used all of their money to do stock buybacks. Imagine if they put it into R&D. Maybe they would still exist.