ROKU Announces Laying Off Over 6% of Its Workforce to Cut Costs
Roku, Inc. ROKU approved a restructuring plan to lower the company's year-over-year operating expense growth and prioritize projects that it believes will have a higher return on investment.
The decision is expected to impact approximately 200 employees, which is around 6% of the company's workforce. Shares of Roku rallied 2.7% in premarket trading on Mar 30, after the streaming-media company announced its cost-cutting plan.
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