Sonos to cut ~6% of workforce; expects $9-12M in restructuring charges

Sonos Inc

Reduction in force of approximately 6% of employees, announced August 14, 2024.
Company also committed to reducing its real estate footprint.
Estimated total charges of $9M to $12M, including $6M to $8M for employee severance and benefits.
Substantially all charges expected in the fourth quarter of fiscal 2024.

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