Roku To Cut 200 Jobs, or 6% of Its Workforce, In Second Round of Layoffs 21
Roku will lay off 6% of its workforce, or 200 employees, in its second round of job cuts, the U.S. streaming device maker said. Reuters reports: In a bid to lower expenses, the company also decided to exit and sub-lease office facilities that it did not currently occupy. Roku had in November cut 200 jobs in the United States, where companies, led by technology giants such as Meta Platforms and Amazon.com Inc, are bracing for a potential economic downturn amid rising borrowing costs around the world.
Roku, which had about 3,600 full-time employees as of Dec. 31, expects to incur charges of between $30 million and $35 million related to the restructuring. Majority of the restructuring charges will be incurred in the first quarter of fiscal 2023, while the job cuts will be completed by the end of the second quarter, the company said.
Roku, which had about 3,600 full-time employees as of Dec. 31, expects to incur charges of between $30 million and $35 million related to the restructuring. Majority of the restructuring charges will be incurred in the first quarter of fiscal 2023, while the job cuts will be completed by the end of the second quarter, the company said.
People still have Rokus? (Score:2)
Re: People still have Rokus? (Score:3)
Other than Apple TV, I canâ(TM)t think of a comparable alternative. Weâ(TM)ve been happy with all of ours.
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Yeah we too were incredibly happy with ours. It's still laying in a drawer somewhere after our new TV basically duplicated 100% of the functionality natively.
And more may I add, the support for various streaming services including from local NAS, is far better on our TV than it is on the cheap device we used to plug into our old one.
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informal /. poll (Score:2)
How many want Slashdot to stop reporting on specific tech co. layoffs?
Re: informal /. poll (Score:2)
If they are under 1,000 people, they are of no concern to me. Otherwise I find them relevant.
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How many want Slashdot to stop reporting on specific tech co. layoffs?
None. This is news for the tech industry. It's more revelvant to Slashdot than most of what has been posted the past 6 years. If you find sad news uncomfortable I suggest you instead open up this Google search of fluffy bunnies https://www.google.com/search?... [google.com] and don't read the news.
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The real fix (Score:1)
Just rename it to RokuGPT and VC's will flood it with cash. Surf fads.
Re:The real fix (Score:4, Funny)
I'm sorry, all VC money is currently flooding into Openstack crypto GPT on containers written in Rust.
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ads (Score:2)
Ad spots not selling so well? Bummer.
This doesn't bode well . . . (Score:2)
. . . for Roku finally supporting IPV6.
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Why is this important for a Roku? Is this a real problem or just an abstract one, where you "wish" it used the more efficient way, but where you couldn't tell difference when using the product?
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You must be unaware of the complaints from users who are in pure IPv6 networks. Check out the official forums.
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I was, and I did. Forums didn't help much. But I went with the spirit of your reply, and did some more searching. And I found cases where niche providers struggled with this exact problem.
I concede the point.
Tech is fickle (Score:3)
"X tech company is laying off >1000 employees" has become so common that it's become the white noise of news.
Tech has always been shakey and always a gamble, and what's hot today might be dead tomorrow even against the "experts" expectations.
Now if we were hearing something like "Nabisco is laying off 20% of it's workforce", or any other large established company that generally does not go through the bubbles and roller coaster ride that consumer tech companies do, I would be a lot more worried.
Roku has not grown in content (Score:2)
Bubble popped (Score:1)
These are the companies that have grown artificially during lockdowns and hired massively at that time. People don't stay at home all day streaming anymore, bubble popped, job count returns to normal.