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home / news releases / SFTBY - SoftBank Robotics cuts staff ends Pepper robot production - Reuters

SFTBY - SoftBank Robotics cuts staff ends Pepper robot production - Reuters

SoftBank Group Corp ADR
tupungato/iStock Editorial via Getty Images SoftBank ([[SFTBF]],[[SFTBY]]) Robotics is reportedly cutting about half of its 330 staff in France due to development issues and poor sales for the Pepper robot. Reuters sources and internal documents say SoftBank Robotics stopped producing the humanoid Pepper robot last year after producing on 27,000 units. SoftBank has reportedly already halved the smaller sales staffs in the United States and Britain. Robotics workers in Japan were moved to other areas of the company. The robotics business came to life after SoftBank acquired a majority stake in French company Aldebaran for $100M in 2012. Recent news: SoftBank's Son open to further buybacks amid stock pullback

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SoftBank Robotics cuts staff, ends Pepper robot production - Reuters
Stock Information
Company Name: SoftBank Group Corp ADR
Stock Symbol: SFTBY
Market: OTC
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