More job cuts for flying robot makers
French drone maker Parrot said today it would be laying off a third of employees, or about 290 people, in its drone division. The news was announced as part of its most recent quarterly earnings report, and it underscores Parrot’s broader struggles to succeed in the consumer drone market largely dominated by Chinese firm DJI. In its fourth-quarter earnings results, Parrot said it generated sales of about $90 million, coming in below its roughly $106 million target. It now plans to place a larger emphasis on the commercial drone market, including markets like mapping and agriculture.