As a way to try to stabilize Roku has announced that it will lay off another 200 employees. It would be the second recent cut by the company – which announced another 200 employee cut at the end of last year.

Many big tech companies are shifting their business formats in an effort to weather the technology crisis haunting the world’s largest manufacturers, and Roku is no different. This time, the streaming product manufacturer will reduce the equivalent of 6% of the current number of employees.

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Understand Roku:

• Manufacturers expect to spend $30 million and $35 million on layoffs and closing some buildings, respectively;
• These layoffs are expected to be completed by the end of the second quarter, Roku says;
• The company is facing a scenario that has also led to several cuts in large companies, such as Alphabet, Amazon, Meta, and Microsoft.

The main drivers of the two significant reductions were the result of significant cuts in the company’s revenue during the second half of 2022. In addition, the company faces the difficult scenario as it invests in the first televisions – and also competes in devices and services for companies such as Amazon, Apple and Google.

Roku TVs

Roku’s upcoming releases will take the maker of streaming products to a whole new level. Homemade TVs will be available, initially, in 11 models and in different shapes and resolutions, with sizes ranging from 24 to 75 inches.

The manufacturer said that the first TV models will be available from the second quarter of this year.

with information from Engadget

Featured image: Laurie Butcher/Shutterstock

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