Sono announced a reduction in force involving approximately 6% of its employees. The company also committed to further reducing its real estate footprint. The action are intended to improve the company’s operating model and cost structure. Sonos estimates that it will incur approximately $9M to $12M of restructuring and related charges, of which $6M to $8M are related to employee severance and benefits costs. The company expects to incur substantially all of the restructuring and related charges in Q4.
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