Sonos CEO resigns after app update fiasco leads to revenue drop and layoffs; interim CEO appointed.

Sonos CEO Patrick Spence resigned following a disastrous app update that caused technical issues and removed key features, leading to a 16% revenue drop and layoffs. The company has appointed Tom Conrad as interim CEO, who aims to improve customer experience, boost innovation, and rebuild employee morale. Sonos shares rose slightly in pre-market trading.

2 months ago
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