Sonos On June 14 Announced A Reduction In Force Involving Approximately 7% Of Our Employees; Company Estimates That It Will Incur Approximately $11M-$14M Of Restructuring And Related Charges
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Sonos announced a reduction in force involving approximately 7% of its employees, estimating that it will incur $11M-$14M of restructuring and related charges.
June 14, 2023 | 12:10 pm
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Sonos is reducing its workforce by 7%, resulting in an estimated $11M-$14M in restructuring and related charges.
The reduction in workforce will likely have a negative short-term impact on Sonos' stock price, as investors may perceive this as a sign of financial distress or operational inefficiency. The estimated $11M-$14M in restructuring and related charges will also impact the company's financials.
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