Roku turns to layoffs (again) and removes streaming content to cut costs
by Chris Welch from The Verge - All Posts on (#6EGG0)
Photo by Chris Welch / The Verge Roku will be laying off 10 percent of its employees - more than 300 people - in its third round of workforce cuts in under a year. As reported by Variety, Roku revealed the move in an 8-K SEC filing early on Wednesday and says it made the decision in an effort to reduce operating expenses.
The company determined to implement additional measures to continue to bring down its year-over-year operating expense growth rate," the filing reads. Roku said these measures will include consolidating office space, cutting back on outside expenses, and limiting new hires - the typical steps companies take in these moments.
Roku has had three rounds of layoffs in under a year
Roku expects the workforce reduction" to be largely complete by the end...