"This decision was not made lightly," Boston Dynamics CEO Robert Player wrote in a note to employees that was candid about the company's business struggles, even after the immense media coverage its robots have garnered. "Our long-term outlook remains positive: Spot continues scaling steadily with industrial and government customers, Stretch is proving its value with logistics and retail players, and our R&D work on Atlas is progressing at an encouraging pace."
"However, we are also burning through cash at a rate that exceeds our commercial progress to date, and we need to streamline our operations and production processes to support sustainable growth," Player wrote. "Today is about making a very difficult short-term decision in service of our longer-term strategy and profitability goals."
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