The situation at Sonos will likely get much worse before the audio manufacturing firm starts to exhibit signs of improvements. With analysts projecting that the company’s revenue will decline by 15 percent during the holiday quarter, interim CEO Tim Conrad had to make some tough decisions, starting with some layoffs. According to the Chief Executive’s latest announcement, the company will have 200 fewer employees as he believes that the only way forward is for teams to get smaller and more focused. Those included in the layoffs list will receive severance pay based on the time they have been employed at […]
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