In a significant move, Sarcos Technology and Robotics Corp., the owner of RE2, Inc., a robotics company in Lawrenceville, has announced the end of its operations in Pittsburgh. As part of this decision, the company will be closing its Pittsburgh office and cutting about 150 jobs. Instead, Sarcos will be consolidating its operations in Salt Lake City, Utah, where the company is based.
This strategic shift is driven by Sarcos’ decision to prioritize its robotic artificial intelligence (AI) and machine-learning software platform. The company believes that this new focus will not only meet its goal of pursuing significant near-term revenue tied to acute customer needs, but also reduce its capital requirements and related risks in line with available resources.
According to Laura Peterson, President and CEO of Sarcos, making staffing cuts is always a difficult decision, especially one of this scale. However, she emphasized the importance of ensuring that the company is appropriately resourced and acts as a responsible steward of its capital. The pivot to the AI software platform aligns with Sarcos’ long-term vision of creating value for its shareholders.
Why is Sarcos closing its Pittsburgh office?
Sarcos has decided to consolidate its operations in Salt Lake City, Utah, where the company is based. This move allows the company to focus on its robotic artificial intelligence and machine-learning software platform.
How many jobs will be cut?
Approximately 150 jobs will be eliminated as part of the company’s restructuring and closure of the Pittsburgh office.
What is Sarcos’ new focus?
Sarcos will prioritize the development and advancement of its AI software platform, which is aimed at meeting acute customer needs and driving significant revenue growth in the near term.
What are the benefits of this strategic shift?
By shifting its focus to the AI software platform, Sarcos expects to reduce its capital requirements and related risks, while also creating long-term value for its stockholders.