A Wilmington based company plans to cut 400 jobs at an Andover robotics facility it purchased from Walmart earlier this year.
Symbotic LLC said it will complete the layoffs by June 27, according to a Massachusetts Workers Adjustment Retraining Notice filed on April 29. The automation systems maker said the layoffs stem from its work to combine the Andover robotics unit with its existing operations.
“While [layoff] decisions like these are always difficult, we made them following a thorough post-close review of our operations to ensure we are best positioned for the future with an effective structure to continue executing our long-term growth strategy,” Symbotic said in a statement. “We appreciate the contributions of the impacted employees and are committed to treating every employee respectfully during this change.”
Symbotic bought the Andover robotics unit from Walmart for $200 million in January. As part of the deal, Walmart agreed to install Symbotic’s technology in more than 400 stores in the coming years. Symbotic expects to receive $520 million as part of the partnership.