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

submitted 2 years 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] 2 points 2 years ago (1 children)

roku is more than just the hardware, or even the 'app' platform (where i'm guessing most of their revenue comes from). they have original content and a decent ad-supported service of their own. and you don't need their device to watch.. works in browser.

[–] [email protected] 7 points 2 years ago

decent ad-supported service

You contradict yourself.