Sonos lays off 7 percent of its workforce
Sonos is cutting about 130 jobs as it deals with a tough competitive landscape..
Stay updated with breaking news from Patrick Spence. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Sonos is cutting about 130 jobs as it deals with a tough competitive landscape..
Sonos expects to incur up to $14 million in restructuring costs in the third quarter.
Sonos, the wireless speaker company, said on Wednesday that it would lay off 130 employees.
Sonos is the latest tech company to conduct mass layoff for its current workforce. Sonos, a well-known audio technology company, recently shared news regarding cost-saving measures in a filing submitted to the Securities and Exchange Commission (SEC).
In an effort to restructure its fiscal plan amid economic uncertainty, Santa Barbara-based Sonos announced it would be laying off 7% of its workforce, or roughly 130 employees, in a filing with the U.S. Securities and Exchanges unit on June 14. In an October 2022 filing, Sonos employed 1,844 people globally, the last time the