Roku to Lay Off 200 Employees, edits some leases to cut costs
Posted: Thu Mar 30, 2023 6:06 pm
Roku's job cuts represent 6% of its workforce
Shares of Roku Inc. fell Thursday, reversing early gains, after the streaming-media company disclosed that it would lay off 200 employees as part of a cost-cutting plan.
The job cuts represent about 6% of the company’s workforce which stood at 3,600 as of Dec. 31, according to the company’s 2022 annual report. The layoffs will be “substantially complete” by the end of the second quarter.[...] Continue Reading
Shares of Roku Inc. fell Thursday, reversing early gains, after the streaming-media company disclosed that it would lay off 200 employees as part of a cost-cutting plan.
The job cuts represent about 6% of the company’s workforce which stood at 3,600 as of Dec. 31, according to the company’s 2022 annual report. The layoffs will be “substantially complete” by the end of the second quarter.[...] Continue Reading
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