Thursday, June 25, 2020

Sonos to lay off 12% of staff due to Covid-19 pandemic | Music Ally

Connected audio firm Sonos is the latest company to announced plans for layoffs as a result of the Covid-19 pandemic.

“The Company initiated a plan on June 23, 2020 to eliminate approximately 12% of its global headcount. In addition, the Company is closing its New York retail store and six satellite offices,” revealed Sonos in a regulatory filing yesterday.

The last time Sonos revealed a headcount figure, for the end of September 2019, it had 1,446 full-time employees, so the layoffs are likely to be at least 173 staff.

Sonos CEO Patrick Spence is also taking a 20% cut in his base salary (which was $550k last year) for the second half of 2020, with fellow executives at Sonos taking a 20% cut for the third quarter of this year.

Stuart Dredge


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