Sonos has revealed plans to lay off 7% of its workforce, and downsize its real estate presence, as the latest tech company to eliminate jobs.Sonos announces layoffsThe company, which specializes in designing and manufacturing smart speakers and audio products, announced the layoffs in a filing with the SEC, according to Seeking Alpha. The process of eliminating positions must comply with specific legal obligations and consultation requirements in particular countries. Read more...

Sonos has revealed plans to lay off 7% of its workforce, and downsize its real estate presence, as the latest tech company to eliminate jobs.Sonos announces layoffsThe company, which specializes in designing and manufacturing smart speakers and audio products, announced the layoffs in a filing with the SEC, according to Seeking Alpha. The process of eliminating positions must comply with specific legal obligations and consultation requirements in particular countries. Read more...

Sonos has revealed plans to lay off 7% of its workforce, and downsize its real estate presence, as the latest tech company to eliminate jobs.Sonos announces layoffsThe company, which specializes in designing and manufacturing smart speakers and audio products, announced the layoffs in a filing with the SEC, according to Seeking Alpha. The process of eliminating positions must comply with specific legal obligations and consultation requirements in particular countries. Read more...

In a new filing with the SEC, Sonos has announced changes it’s making to cut costs. Unfortunately one of those is letting go of roughly 7% of its employees while another measure is slimming down its real estate footprint. more… The post Sonos announces it needs to layoff 7% of employees and reduce real estate appeared first on 9to5Mac.

Meta has begun making the last of what it has claimed would be three major rounds of layoffs, although there may yet be further smaller series of redundancies to come.Facebook's parent company initially laid off 11,000 in November 2022, and at the time it was suspected that many more would follow. Then following further rumors in early 2023, Meta confirmed a second round of cuts in March 2023.That second round was said to affect 10,000 employees, but the total was to be split into two parts. According to Reuters, the March redundancies saw around 4,000 workers laid off. Read more...

Disney+ shed another 4 million subscribers in the first three months of 2023, marking the streamer’s second consecutive quarterly drop after closing 2022 with a loss of 2.4 million subscribers. Disney ended the quarter with 157.8 million subscribers at Disney+, significantly missing Wall Street’s estimate of 163.17 million subs. “Baby Yoda” (Grogu) from Disney+ “The Mandalorian” Jennifer Maas for Variety: On Wednesday, CEO Bob Iger and Co. beat Wall Street estimates for Disney’s quarterly earnings and revenue due to an impressive January-March showing at the company’s theme parks. That win comes during a fiscal Q2, which concluded April 1, plagued by company-wide layoffs, a looming (and now active) writers strike and a turf war with Florida Gov. Rick DeSantis. During…