Sonos Continues Restructuring Efforts with Further Layoffs and Internal Revamp – CEO Resigns, 200 More Employees Let Go

Sonos company is still reeling from layoffs since the beginning of the year. CEO Tom Conrad stated the necessity of letting go another 200 employees, a decision deemed arduous by the company. Employees will receive compensation packages, bonuses for Q1, and have the option to purchase company stocks at designated intervals.

Sonos has undergone multiple rounds of layoffs, with 130 employees let go in 2023 and an estimated additional 100 in mid-2024. Furthermore, the company plans to restructure internally for faster decision-making, reduced hierarchy levels, smaller teams, and increased focus.

Source: Sonos, TechCrunch

TLDR: Sonos continues to downsize its workforce, with plans for further layoffs and internal restructuring to streamline operations.