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Roku to Lay Off 10 Percent of Staff, Take Charge of $55M-$65M for Removing Streaming Content

Roku is laying off another 10 percent of its staff and taking charges for additional restructuring moves, the company unveiled in a regulatory filing on Wednesday. It cited a “continuing evaluation of its operations” that led it to determine “to implement additional measures to continue to bring down its year-over-year operating expense growth rate by … ....

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Roku stock soars after company reveals more layoffs, boosts Q3 guidance

Roku stock soared after the company revealed more cost-cutting initiatives, including layoffs, and boosted its Q3 revenue and adjusted EBITDA guidance. ....

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