Sonos Inc., the maker of wireless speakers, cut about 6 percent of its workers ahead of an anticipated initial public offering that could take place as soon as June.
The company will eliminate 96 staff from its global workforce of 1,500 people, the Santa Barbara, California-based company said Thursday. The cuts occurred across several departments and were designed to boost profitability. Sonos has offices on the U.S., China, Europe and Australia.
