Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff

Amazon said on Monday it would not move forward with a planned acquisition of vacuum-maker iRobot, with the two companies saying in a release there was “no path to regulatory approval for the deal.” The Roomba maker also announced it would lay off 31% of its employees, around 350 people, and that its chair and … Read more

Puma Terminates Sponsorship of Israel’s National Soccer Team

Puma will terminate its sponsorship deal with the Israeli Football Association (IFA) in 2024, but the sportswear brand says the decision is unrelated to the Israel-Hamas war. A spokesperson for the German brand told TIME in a statement that the decision was made at the end of 2022 as part of its new “fewer-bigger-better” business … Read more