"Roku turns to layoffs (again) and removes streaming content to cut costs", 6 September 2023

Roku will be laying off 10 percent of its employees — more than 300 people — in its third round of workforce cuts in under a year. As reported by Variety, Roku revealed the move in an 8-K SEC filing early on Wednesday and says it made the decision in an effort to reduce operating expenses.

Roku has had three rounds of layoffs in under a year

Roku expects the “workforce reduction” to be largely complete by the end of the fourth quarter of fiscal 2023. This follows two other rounds of layoffs that each affected 200 employees — one last November and the other in March.

But layoffs aren’t the only way the company is cutting costs. Roku plans to cease using some of its office spaces, and in keeping with other streaming platforms, it has decided to eliminate certain licensed content that was previously available on the company’s Roku Channel service. The Verge has reached out for more specifics on what’s been removed.