spot_img

Softbank Robotics Europe Cuts Workforce by 40%

Share post:

Softbank Robotics Europe will lay off 40% of its 330 staff in Paris, following a loss of about $38 million in its fiscal year from 2019 to 2020 and more than $119 million in the last three years.

According to reports, the company’s popular Nao and Peppered robots never achieved financial success as they were not adopted by European countries and America.

One employee of the company, who wished to remain anonymous, said: “the market for Nao and Pepper is smaller than we expected. It is not sustainable to have this many workers in Paris based on the economic issues we are facing.”

Softbank Robotics Europe stated in its public statement on The Robot Report: “In the light of the pandemic and economic slowdown, SoftBank Robotics Europe is considering a significant workforce optimization plan. Our EMEA HQ located in Paris is home to about 330 employees, as of March 2021. In this difficult time, we want to thank all our employees for their efforts in creating the best humanoids on the planet and will make the best efforts to ensure fair departure decisions with labor representatives and local consultation bodies in France. The current round of job cuts should be completed by the end of 2021.” Going forward, a source confirmed that “There will be less investment in emotional humanoids and more focus on commercial products such as Whiz.”

For more information, read the original story in Analytics Week.

spot_img

SUBSCRIBE NOW

Related articles

Apple enforces return-to-office policy

In an effort to enforce its return-to-office policy, tech giant Apple is reportedly tracking in-person employee attendance via...

Accenture to cut 19,000 jobs

Accenture Plc announced its plan to cut 2.5% of its workforce, equivalent to 19,000 jobs, after lowering its...

Indeed to cut 2,200 jobs

Indeed, a job search platform based in the United States, announced the elimination of approximately 2,200 jobs, or...

Google former employees demand public commitments from CEO

Google is facing criticism as laid-off employees' band together to demand public commitments from Alphabet CEO Sundar Pichai. Over...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways