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

submitted 1 year ago by DannyMac@lemmy.world to c/technology@lemmy.world

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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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[–] greybeard@lemmy.one 6 points 1 year ago (1 children)

A popular and powerful device for streaming other services. And direct integration in certain TVs as the "Smart" OS. Streaming was something they tried to build their offering and widen their reach when Google and Apple started getting decent streaming boxes themselves and TV manufacturers started having usable(while still bad) smart OSs.