Roku, looking to rein in spending, is making its third round of layoffs within a year — pink-slipping more than 300 staffers — and will pull “select” content from its TV str…
— pink-slipping more than 300 staffers — and will pull “select” content from its TV streaming platform.
According to Roku’s 8-K filing, it will take a charge estimated to be $55 million-$65 million related to “removing select existing licensed and produced content from company-operated services on its TV streaming platform.” Roku said it does not expect any “material cash expenditures” in connection with the content-impairment charge.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Roku To Lay Off 10% Of Staff & Launch “Strategic Review Of Content Portfolio”Roku is laying off around 10% of staff as it “performs a strategic review of [its] content portfolio.” The media company will be hit with a restructuring charge of around $45M to $65M f…
Read more »
Roku turns to layoffs (again) and removes streaming content to cut costsRoku’s all-important ads business is in a slow phase.
Read more »
Roku lays off 300 workers and removes streaming content to save moneyRoku looks to be seriously tightening its pursestrings.
Read more »
Google is removing its Play Movies and TV app from every Roku and most smart TVsHere’s how you’ll have to watch your Play Store content
Read more »
Roku to cut 10% workforce, curb hiring By ReutersRoku to cut 10% workforce, curb hiring
Read more »
Roku plans to lay off 10% of staff in cost-cutting moveRoku Inc. plans to lay off 10% of its staff as it looks to slow the growth of its operating expenses, the company said Wednesday.
Read more »