Roku fired around 300 workers this week, around 10% of its workforce, in further restructuring.
On top of the firings, Roku said it would be slowing hiring, rethinking its content portfolio and reducing office space in a filing with the Securities and Exchange Commission.
The firings are part of a greater restructuring at the company that saw 400 other layoffs in the past year. The company said the firings and overall restructuring of the company are due to an economic environment that continues to create “unease.” Despite this, Roku continues to rake in the profits. The company’s third-quarter estimates project revenues up to $875 million and Rocku’s stock price jumped 10% on Wednesday after news of the layoffs broke.
The company also implied that the ongoing Hollywood labor strikes could cut into its profits in the long run since the strikes will negatively impact consumer entertainment spending.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Roku to cut 10% workforce, curb hiring By ReutersRoku to cut 10% workforce, curb hiring
Leer más »
Roku plans to lay off 10% of staff in cost-cutting moveRoku Inc. plans to lay off 10% of its staff as it looks to slow the growth of its operating expenses, the company said Wednesday.
Leer más »
Roku plans to lay off 10% of staff, boosts revenue outlookRoku Inc. plans to lay off 10% of its staff as it looks to slow the growth of its operating expenses, the company said Wednesday.
Leer más »
Roku Says It Will Fire 10% of Employees, Stock JumpsIt will also reduce office space and look at other sources of cost savings.
Leer más »
Roku To Lay Off 10% Of Staff & Launch “Strategic Review Of Content Portfolio”Roku is laying off around 10% of staff as it “performs a strategic review of [its] content portfolio.” The media company will be hit with a restructuring charge of around $45M to $65M f…
Leer más »