05:38 PM EST, 02/05/2025 (MT Newswires) -- Sonos ( SONO ) said Wednesday it will reduce about 12% of its workforce as it looks to improve its operating model and cost structure.

The company expects to incur about $15 million to $18 million of restructuring and related charges, with substantially all of the charges likely in its fiscal Q2, according to a regulatory filing.

Sonos ( SONO ) shares were down 2.9% in after-hours activity.