Sonos

Sonos acquires voice assistant startup Snips, potentially to build out on-device voice control

Eric Entrepreneurship , ,

Sonos revealed during its quarterly earnings report that it has acquired voice assistant startup Snips in a $37 million cash deal, Variety reported on Wednesday. Snips, which had been developing dedicated smart device assistants that can operate primarily locally, instead of relying on consistently round-tripping voice data to the cloud, could help Sonos set up … Continue reading Sonos acquires voice assistant startup Snips, potentially to build out on-device voice control

Sonos laying off 96 employees ahead of expected IPO

Eric Entrepreneurship ,

Wireless speaker manufacturer Sonos on Thursday revealed plans to cut 96 employees from its workforce in a bid to boost profitability, a move that comes just ahead of an expected initial public offering said to be valued in the billions. The eliminations whittle down Sonos' workforce of approximately 1,500 employees by some six percent and … Continue reading Sonos laying off 96 employees ahead of expected IPO