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Level Home Hit by Major Layoffs
26 Jun
Summary
- Assa Abloy acquired Level Home in 2024.
- Most Level Home employees were laid off.
- Level Home is being integrated into Kwikset.
Assa Abloy, a Sweden-based multinational, has significantly restructured Level Home, a smart lock company it acquired in 2024. The majority of Level Home's staff, including its founders John Martin and Ken Goto, have been laid off. This move involves folding Level Home's operations into Kwikset, another smart lock company also owned by Assa Abloy.
A few core employees have been retained to finalize a new product launch focused on multi-family lock management. Assa Abloy has stated that Level Home continues to operate as a business within the company and that development and sales of the Level Lock platform will persist.
Assa Abloy also assured customers that support for existing users will not be affected. However, concerns remain about the long-term reliance on Level's cloud services. While Matter and Apple HomeKit integrations offer local control for basic functions, the discontinuation of cloud services could impact advanced features. Assa Abloy's recent financial report indicated declining sales in its North America residential segment.
