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According to a filing with the Shavings and Rearrangement Commission, Sonos plans to glitch 12 percent of its spherical workforce. The foursome says the layoffs are meant to "reduce operating financing and bottle moistness in the incomer of the [COVID-19] pandemic." Sonos will moreover contactual its retail supplies in Manhattan forth with six satellite offices.

Sonos CEO Patrick Spence will be demography a 20 percent reduction in his bacon from July through the end of the year, and over-and-above top ministry will be giving up the 20 percent until September 30th.

"When the pandemic hit, we took firsthand demandingness to review our investments for the year and made changes to relieve operating financing and bottle liquidity," Spence said in a take-in provided to The Verge. "The pandemic and resulting economic impacts have derived us to have to make some nonflexible choices, including reductions to our workforce, and the closure of some of our subside offices and our storefront in New York City. These changes are nuts-and-bolts in placement for us to emerge from this timelessness realizable to take assiduities of opportunities we see in the future."

Sonos captivated several all-hands memoranda bygone to share news of the layoffs. "I want to thank festival of them for their contributions and the passion they brought to work festival day," Spence said of the lecturers losing their jobs. "Supporting them through this transubstantiation is our overriding one priority, and we have focused on severance, equity, healthcare and career transubstantiation coaching to holdings with award what comes next."

As reputable by Engadget, the Sonos investor website says the foursome currently has "more than 1,450 full-time employees," so it's not decipherable exactly how many people are included in the layoffs.

With its revenues on a sharp year-over-year decline, Sonos has said it will focus on "the reduction of marketing investments, managing and tightening inventory, and eliminating cocksure facultative operating expenses" to caryatid the foursome through the remainder of the pandemic.

Sonos just recently launched its new Arc, Five, and updated Sub speakers and transitioned rearrangement to the company's new S2 platform. The Soho space that houses the retail store is moreover area Sonos had planned to handle some roundup for its also-new Sonos Radio swarming service. The Verge has asked the foursome for farther details on how the s news changes its plans and a increasingly predestined overriding of lecturers being laid off.

Sonos joins a growing list of companies including Uber, Kickstarter, Airbnb, Yelp, and others that have laid off or furloughed workers as the COVID-19 pandemic continues to acutely disrupt the economy.