Roku said today it plans to lay off 200 employees, or 6% of its workforce, as part of a restructuring plan as the drumbeat of staff cuts across the industry continues. Roku laid off 200 last fall o…
said today it plans to lay off 200 employees, or 6% of its workforce, as part of a restructuring plan as the drumbeat of staff cuts across the industry continues. Roku laid off 200 last fall on advertising woes and a challenging economy, both of which are still rocky.
Roku said in a statement today that it approved the plan to lower “the year-over-year operating expense growth and prioritize projects that the Company believes will have a higher return on investment.” It will also result “in the exit and sublease, or cease use, of certain office facilities that the Company does not currently occupy.”It estimates that it will incur non-recurring charges of approximately $30 to $35 million in connection with the restructuring, primarily consisting of severance payments, notice pay, employee benefits contributions and related costs and impairment charges for facilities.
Roku remains a key gateway to streaming but has been hit like much of the industry with a soft ad market due in large part to an uncertain economy, as well as a broader shift across the streaming landscape since emerging from Covid. Newacross media, entertainment and tech are reported daily, with Disney currently in the midst of its first round of cuts that will total 7,000. Electronic Arts and Warner Music Group announced yesterday they are cutting, respectively, 750 jobs and 200 jobs.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Roku Laying Off Another 200 Employees, Cutting 6% of WorkforceRoku 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…
Baca lebih lajut »
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%...
Baca lebih lajut »
Roku is laying off another six percent of its workforceJust months after a previous round of layoffs.
Baca lebih lajut »
Roku to Cut Another 200 Jobs as Advertising Uncertainty ContinuesThe company says that the cuts represent about 6% of its workforce.
Baca lebih lajut »
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.
Baca lebih lajut »
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...
Baca lebih lajut »