Roku To Cut 200 Jobs, or 6% of Its Workforce, In Second Round of Layoffs – Slashdot
Roku will lay off 6% of its workforce, or 200 employees, in its second round of job cuts, the U.S. streaming device maker said. Reuters reports: In a bid to lower expenses, the company also decided to exit and sub-lease office facilities that it did not currently occupy. Roku had in November cut 200 jobs in the United States, where companies, led by technology giants such as Meta Platforms and Amazon.com Inc, are bracing for a potential economic downturn amid rising borrowing costs around the world.
Roku, which had about 3,600 full-time employees as of Dec. 31, expects to incur charges of between $30 million and $35 million related to the restructuring. Majority of the restructuring charges will be incurred in the first quarter of fiscal 2023, while the job cuts will be completed by the end of the second quarter, the company said.