Roku Eliminates 200 Jobs
Streaming platform and device maker Roku joined many of its fellow competitors by announcing a round of layoff impacting around 7% of its staff. On November 17, in a statement seen by Variety, the company revealed it would cut 200 jobs. The jobs cuts, according to the statement, are the result, broadly, of “current economic conditions.”
“These actions now will allow us to focus our investments on key strategic priorities to drive future growth and enhance our leadership position,” the statement reads.
The results came on the heels of third quarter earrings that surpasses experts’ estimates. At the same time, Roku said slowed digital ad spending and rising inflation would negatively impact their fourth quarter.
