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Interim CEO Tom Conrad said the company had “become mired in too many layers” to collaborate effectively and make decisions.
Spence, who has been CEO since 2017, will remain a strategic advisor to interim CEO Tom Conrad until June 30.
Customer complaints over the speaker giant's redesigned app have derailed two new product launches and hurt holiday sales expectations.
The cuts impact more than 100 employees as the audio company puts off the release of two major new products
In an Oct. 6 decision, U.S. District Court Judge William Alsup ruled that the Sonos patent in the case is "unenforceable."
The jury verdict marks a major development in a years-long legal battle between the two tech companies.
The Era 100 and Era 300 speakers drop later this month -- but you can pre-order them now.
Also this week: Yusuf/Cat Stevens signs to Dark Horse Records, ClicknClear strikes a licensing pact with a major U.S. amateur sports organization and more.
