this post was submitted on 07 Sep 2023
442 points (99.3% liked)

Technology

70365 readers
4408 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
442
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]
85 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 30 points 2 years ago (1 children)

They took a gamble and tried to play the streaming game - and lost

Did any of y'all Roku owners buy their device for the purpose of their streaming content? I know I didn't - I bought it because of the promise of an excellent UI to organize all of my other already-existing-and-too-many services in an easy streamlined interface even my dad could use.

[–] [email protected] 1 points 2 years ago

Yeah. Their expenses to try and add streaming was a waste. Plex did much of the same.

I bought Roku for the set top box replacement. They should continue to focus on that, though there really isnt too much more to do there either. They gotta innovate somehow i suppose and that means taking risk.

I will say they keep adding that goddam roku streaming channel to my list. I have exact an even number of lines of apps. It keeps throwing it off and its annoying.