Level Lock founders and engineers kicked by parent company ↦

In a surprising move, parent company Assa Abloy has integrated Level Lock, a smart home brand it acquired in 2024, into its Kwikset division, resulting in the removal of Level Lock's founders and significant layoffs among its engineering team. Insiders reveal that the restructuring has left former employees disillusioned, highlighting broader concerns about corporate consolidation and the treatment of innovative startups within larger conglomerates. This shakeup underscores the volatile nature of the tech industry, where even successful startups can quickly become casualties of corporate strategy shifts.