Video-streaming device maker Roku to cut 200 jobs

Roku Inc said it would cut 200 jobs in the United States, becoming the latest tech company to lay off workers amid an economic slowdown and decades-high inflation.
ROKU video streaming
Tech companies including Meta Platforms, Twitter, Amazon, Microsoft, and Snap have reduced staff this year as they grapple with a slowdown in growth and mounting costs.

The video-streaming device maker expects to book a charge between $28 million and $31 million in the fourth quarter related to the layoffs, mainly severance payments and associated costs.

Roku had 3,000 full-time employees in 13 countries as of Dec. 31 last year.

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