Important Lay-Off Update

Sir sent the following email to Sennheiser employees earlier today. Greetings Sennheisers! It is with a heavy heart that I am writing this email to let you know that due to unforeseen circumstances, we have had to let 10% of our staff go. It is a difficult decision, but it was one that had to be made. I know what you're thinking - how did this happen?! Let me explain. As you may know, I recently passed a kidney stone, which was an incredibly painful experience. Unfortunately, this caused a butterfly-like effect that ultimately led to the layoffs. I know this may sound far-fetched, but it's true! It all started with a ripple that turned into a tidal wave, resulting in the necessary layoffs. Though I feel terrible about it, I cannot be held responsible for this outcome. My team and I are committed to doing everything in our power to support those who have been affected by the layoffs. Moving forward, we remain laser-focused on our mission of creating the best products, experiences and solutions in the audio industry. Thank you for your patience and understanding. Sincerely, Sir Sennheiser, CEO