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.
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.
