BusinessRoku announced a 10% cut to its workforce

    Roku announced a 10% cut to its workforce

    This Wednesday the American streaming service company announced its third round of layoffs in less than a year with a 10% cut in its workforcethis in order to continue reducing costs.

    According to the company with headquarters in California, with these layoffs it will also seek to reduce the pace of hiring, its external services, and it will further consolidate the spaces in the central offices. for the purpose of saving money from regulatory filing to the Securities and Exchange Commission.

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    According to Roku, these changes will also be “a strategic review of its content portfolio” for which It is expected to be a restructuring of between $45 and $65 million dollars. Now the latest reduction in its workforce represents approximately 300 workers.

    In November of last year, 200 layoffs were recorded, the same as in March of this year, but this will not be an economic burden for the company, which has already assured that despite the cuts it hopes to generate more income. Within its forecasts for the third quarter, it is anticipated between $835 million and $875 million dollars.

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    On the other hand, after the announcement of layoffs Roku shares rose 10%although many shareholders expressed their concerns regarding various events, among which the strikes of Hollywood writers and actors and the current economic situation stood out.

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    Source: La Opinion

    This post is posted by Awutar staff members. Awutar is a global multimedia website. Our Email: [email protected]


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