Smart lock maker Level has been gutted and its founders are out

Assa Abloy has laid off the majority of staff at Level Home, a smart lock company known for its innovative deadbolts. Level's unique design hid the battery, motor, and electronics inside the deadbolt itself, allowing for a traditional look with smart features. The company's business will be folded into Kwikset, another Assa Abloy subsidiary, as part of a larger restructuring effort. The layoffs were announced in a meeting where staff were informed that their positions had been eliminated, effective immediately.

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