Roku Announces 10% Job Cuts In 3rd Workforce Reduction Since November
After news of the layoffs emerged, Roku stocks jumped about 3% higher.
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After news of the layoffs emerged, Roku stocks jumped about 3% higher.
Roku is cutting about 10% of its workforce, or 360 people, and it will limit new hiring as it cuts costs to stem a series of quarterly losses.
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"On March 29, Roku approved a restructuring plan to lower the company's year-over-year operating expense growth and prioritise projects that the company believes will have a higher return on investment," it said in the filing. 📲 Roku Layoffs: Streaming Company Sacks Another 200 Employees as Part of Cost Cutting.