Roku is handing out pink slips again as the streaming platform company takes additional steps to rein in costs. The company said it will lay off about 200 employees, or 6% of the company’s remainin…
and the company told investors it projects overall revenue declining about 5% in the first quarter of 2023. At the same time, Roku’s operating expenses have soared — up 71% in the fourth quarter.
On Thursday, Roku said the latest restructuring plan is aimed at reducing year-over-year operating expense growth and to “prioritize projects that the company believes will have a higher return on investment.” The company estimates it will incur one-time charges of $30 million to $35 million in connection with the latest layoffs and office closures.
Separately, Roku earlier this month encountered a cash-flow issue after the failure of Silicon Valley Bank, where
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