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Sonos ( (SONO) ) has issued an announcement.
On February 5, 2025, Sonos announced a reorganization and workforce reduction affecting approximately 12% of its employees, aiming to streamline operations and improve its cost structure for long-term success. The company expects restructuring charges of $15 to $18 million, primarily for severance costs, to be incurred in the second quarter of fiscal 2025, reflecting its commitment to enhancing collaboration by forming simpler, cross-functional teams and shifting its product organization into functional groups.
More about Sonos
Sonos, Inc. operates in the consumer electronics industry, specializing in the design and manufacturing of audio products and smart speakers. Its market focus is on providing high-quality sound experiences for home entertainment systems.
YTD Price Performance: -2.17%
Average Trading Volume: 1,992,793
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.74B
For detailed information about SONO stock, go to TipRanks’ Stock Analysis page.
