Roku is handing out pink slips again as the streaming platform company takes additional steps to rein in costs. The company said it will lay off about 200 employees, or 6% of the company’s remainin…
and the company told investors it projects overall revenue declining about 5% in the first quarter of 2023. At the same time, Roku’s operating expenses have soared — up 71% in the fourth quarter.
On Thursday, Roku said the latest restructuring plan is aimed at reducing year-over-year operating expense growth and to “prioritize projects that the company believes will have a higher return on investment.” The company estimates it will incur one-time charges of $30 million to $35 million in connection with the latest layoffs and office closures.
Separately, Roku earlier this month encountered a cash-flow issue after the failure of Silicon Valley Bank, where
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Roku to lay off 200 employees, exit some leases to cut costsShares of Roku Inc. rallied 2.7% in premarket trading Thursday, after the streaming-media company disclosed that it would lay off 200 employees, or about 6%...
Lire la suite »
Roku is laying off another six percent of its workforceJust months after a previous round of layoffs.
Lire la suite »
Roku to Cut Another 200 Jobs as Advertising Uncertainty ContinuesThe company says that the cuts represent about 6% of its workforce.
Lire la suite »
Lucid reportedly laying off 18% of its workforce - AutoblogElectric-vehicle maker Lucid Group Inc is planning to lay off about 18% of its workforce, Insider reported on Tuesday, citing sources familiar with the matter and an internal memo.
Lire la suite »
Disney to begin laying off 7,000 employeesThe Walt Disney Co. will start cutting about 3% of its global workforce this week as part of a 'strategic realignment' of the company.Disney announced the layoffs in February as par...
Lire la suite »
Lucid’s laying off 18 percent of its workersLast year it burned through almost $2.6 billion.
Lire la suite »