Wandelbots: Strategic change of course leads to radical redundancies - future lies in software

Wandelbots emphasized that it has provided a comprehensive support package for the laid-off employees and is offering "a range of services to best support them."

Wandelbots got off to a flying start 

Wandelbots' success story began in 2017 in the environment of TU Dresden with the development of a software construction kit for robots. To date, the company has raised a total of 109 million euros in capital, most recently with a Series C financing round of 74 million euros led by US VC Insight Partners.

The company has already attracted notable business partners such as BMW, VW and Fraunhofer, and plans to use the fresh capital to continue its expansion in the U.S. and further open up its robotics software platform. "By opening up our technology, we will realize our mission to democratize robotics with the help of user-friendly software for everyone," said Christian Piechnick, co-founder of Wandelbots.

Wandelbots has called the layoffs a difficult but necessary decision to secure the company's future. Despite the restructuring and resulting changes in staff, Wandelbots remains optimistic and focused on its vision of making robotics accessible to all.

Update: The company's statement said that 27 percent of employees were laid off and another 31 percent of positions will not be filled. That makes about 50 percent in arithmetical terms. Now it says that "27 percent of all positions were eliminated as part of the strategy change."