Roku to Cut 200 Jobs, Lay Off 5% of Employees – The Srdtf News

Roku to Cut 200 Jobs, Lay Off 5% of Employees – The Hollywood Reporter

Roku is the latest technology and media player to slash jobs, revealing in a securities filing Thursday that it plans to reduce its workforce by about 5 percent, or about 200 jobs.

The company said the plan, which was approved Thursday, was meant to “slow down the Company’s 2023 operating expense growth rate due to current economic conditions.”

Roku plans to take severance charges of between $28-$31 million on the layoffs, which will mostly take place this quarter, and will largely be completed by the end of the first quarter of 2023.

More to come.

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