Brief: Sonos - Reduction In Force Involving ~7% Of Our Employees

Sonos

14/06/2023 14:26

June 14 (Reuters) - Sonos Inc  SONO.O :
    * SONOS INC - REDUCTION IN FORCE INVOLVING APPROXIMATELY 7%
OF OUR
EMPLOYEES
    * SONOS INC - ON JUNE 14, 2023, ANNOUNCED A REDUCTION IN
FORCE
INVOLVING APPROXIMATELY 7% OF OUR EMPLOYEES
    * SONOS INC - COMPANY ESTIMATES THAT IT WILL INCUR
APPROXIMATELY
$11 TO $14 MILLION OF RESTRUCTURING AND RELATED CHARGES
    * SONOS INC - EXPECTS TO INCUR SUBSTANTIALLY ALL OF
RESTRUCTURING
AND RELATED CHARGES IN Q3 OF FISCAL 2023
    * SONOS INC - ALSO COMMITTED TO FURTHER REDUCING ITS REAL
ESTATE
FOOTPRINT AND RE-EVALUATING CERTAIN PROGRAM SPEND

Further company coverage:  SONO.O 

 (reuters.briefs@thomsonreuters.com)