Roku to Layoff 10%

Roku Inc is a consumer electronics company that manufactures digital media players for video broadcasting, amongst a variety of streaming services. The company was founded in 2002 with its headquarters in California, USA. Netflix is reportedly an early investor in the company.

According to Roku’s report to the United States Securities and Exchange Commission, they are looking to reduce overhead by strategically re-aligning their focus and initiatives. The changes will impact approximately 10% of the company’s workforce, with severance and benefit packages estimated to cost around $65 million USD.

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