Assa Abloy Cuts Most Level Home Staff, Folding 2024 Acquisition Into Kwikset

1 articles · Updated · The Verge · Jun 26

Most of Level Home’s staff were laid off effective immediately, and Assa Abloy is transferring the smart-lock maker’s assets into sister brand Kwikset, according to a source and an audio recording reviewed by The Verge.
2024 buyer Assa Abloy framed the move as a broader restructuring, while its latest financial report showed declining sales in North America’s residential segment.
Level CEO John Martin and CTO Ken Goto are departing with most of the engineering team, leaving only a small core group to finish an upcoming multi-family lock-management product launch.
Assa Abloy said Level has not been shut down and will keep developing, selling and supporting Level locks, despite concerns from a laid-off source about preserving service for hundreds of thousands of users.
If Level’s cloud services were ever discontinued, app features such as auto-unlock and door-status sensing could break, though Matter- or HomeKit-connected locks would still handle basic local lock and unlock functions.