Name: Roku (ROKU) To Cut 10% Of Its Workforce
Uploaded: 2023-09-06T16:13:10.775
Duration: 2 min 21 s

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Roku (ROKU) is to cut 10% of its workforce. It is looking to slow the rate of operating expense growth. It had about 3,600 employees at the end of 2022. ROKU will consolidate its office space and plans the removal of some licensed content. It sees revenue between $835M-$875M versus a prior $815M. ROKU expects to take on a $45M-$65M restructuring charge after layoffs. Jeff Pierce discusses this news. Tune in to find out more about the stock market today.

Roku (ROKU) To Cut 10% Of Its Workforce

Expert commentary about top moving stocks, sectors, and commodities, along with CEO and analyst interviews.