Roku to Cut Another 200 Jobs as Advertising Uncertainty Continues
www.imdb.com- Author: Alex Weprin
- March 30,2023
Streaming video platform Roku is set to undergo another round of layoffs, the company disclosed in a securities filing Thursday morning.
Roku says that it will cut another 200 jobs, or about 6% of its workforce, in the coming days and weeks. These would be the second round of layoffs at Roku in about 4 months, with the company previously having cut about 200 jobs last November, citing economic conditions.
The company expects to take a $30-$35 million charge associated with the layoffs, mostly tied to severance payments and related costs. Roku also says that it will “exit and sublease, or cease use, of certain office facilities that the Company does not currently occupy.”
It is not clear what offices that refers to, however the company last year signed a significant deal to take over 8 floors in a Times Square office tower, and also inked expansion deals in California and Chicago.
The company says
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Roku says that it will cut another 200 jobs, or about 6% of its workforce, in the coming days and weeks. These would be the second round of layoffs at Roku in about 4 months, with the company previously having cut about 200 jobs last November, citing economic conditions.
The company expects to take a $30-$35 million charge associated with the layoffs, mostly tied to severance payments and related costs. Roku also says that it will “exit and sublease, or cease use, of certain office facilities that the Company does not currently occupy.”
It is not clear what offices that refers to, however the company last year signed a significant deal to take over 8 floors in a Times Square office tower, and also inked expansion deals in California and Chicago.
The company says
Click here to See Full article
