Sonos cuts ~12% of workforce (~200 jobs), expects $15-18M restructuring charges

Sonos Inc

Reduction in force of approximately 12% of employees (about 200 positions) announced February 4, 2025.
Estimated restructuring charges of $15-18 million, primarily for severance and benefits.
Charges expected to be incurred substantially in Q2 fiscal 2025 (ending March 2025).
Reorganization into flatter, functional groups (Hardware, Software, Design, Quality, Operations) from product-specific business units.
Impacted employees will receive severance, continued RSU vesting through Feb 15, and Q1 bonus eligibility if attained.

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