Streaming company Roku lays off another 200 employees

Source From: ENT 2023-03-31 11:52:55

Streaming company Roku is laying off additional 200 employees, after sacking a similar number of workers last November.

In a filing with the US Securities and Exchange Commission, the company disclosed the latest layoff move.

"On March 29, Roku approved a restructuring plan to lower the company's year-over-year operating expense growth and prioritise projects that the company believes will have a higher return on investment," it said in the filing.

The move "is expected to impact approximately 200 employees, approximately 6 per cent of the company's workforce, and result in the exit and sublease, or cease use, of certain office facilities that the company does not currently occupy", it added.

Roku had around 3,600 employees as of the end of 2022.