Roku Laying Off 10% of Employees, Will Take up to $65 Million Charge to Remove Streaming Content
variety.comTodd Spangler NY Digital Editor Roku will cut more than 300 staffers — laying off 10% of its workforce — as the streaming-platform company continues its battle to control costs.
In addition, Roku will remove certain licensed and owned content from its platform as part of a “strategic review of its content portfolio,” resulting in an impairment charge of up to $65 million in the current quarter, the company disclosed in an SEC filing Wednesday.
Other cost-cutting measures Roku outlined are consolidating office space and reducing outside services expenses. The goal is to reduce year-over-year operating expense growth rate, the company said.
The layoffs represent Roku’s third round of job cuts in less than a year, after it pink-slipped 200 staffers in November 2022 and another 200 in March 2023.
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