Business · 2h ago
Level Home gutted as Assa Abloy folds smart lock unit into Kwikset
Assa Abloy laid off most Level Home staff and is absorbing the smart lock maker into Kwikset. The company, known for traditional-looking smart deadbolts, had raised over $100 million. Founders are out as the restructuring takes effect.
Meridian48 take
Another acquisition ends in a talent and product purge, raising questions about Assa Abloy's commitment to innovation in smart locks.
smart-lockslayoffs