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Friday, December 20, 2013

Rethink Robotics laid off 21 jobbs

Credit: Rethink Robotics
Boston based industrial robot start-up Rethink Robotics faces problems to bring back more industry jobs to America.
According to The Boston Globe robot company Rethink Robotics has laid off 21 jobs from their staff of approximately 90 employees. Vice president of product development Elaine Chen has also departed the company.
The company will focus with a smaller team on the most receptive market segments since the launch of the two-handed robot Baxter in September 2012, including plastics manufacturing, consumer goods, and warehousing and logistics, CEO Scott Eckert explained for The Boston Globe.
Rethink Robotics has so far raised about $75 million in venture capital, much of it from local firms like Charles River Ventures, Sigma Partners, and Highland Capital Partners.

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