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Roku lays off 300 workers and removes streaming content to save money (www.engadget.com)

submitted 1 year ago by [email protected] to c/[email protected]

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Roku looks to be seriously tightening its pursestrings. The company’s laying off a full ten percent of its workforce, over 300 employees, in addition to a conducting a number of other cost-cutting measures, as reported by Variety. These job cuts are just the beginning, as Roku’s also removing streaming content, consolidating office space and reducing outside service expenses. The goal here is a major reduction in the year-over-year operating expense growth rate.

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[–] [email protected] 0 points 1 year ago

You say that like something has happened recently to make it more crowded.

Roku is the leader in this space and they barely have any new competition that they didnt have 5 years ago.