Roku cutting 10% of staff, third mass layoff in months

For the third time in less than a year, Roku is scaling back its staffing levels.

In a recent filing to the U.S. Securities and Exchange Commission (SEC), the streaming software company announced that it’s laying off approximately 10 per cent of its workforce as it continues to look for ways to “bring down its year-over-year operating expense growth rate.”

According to news outlets, including Variety, the reduction comes after Roku eliminated 200 roles in March and another 200 last November.

In addition to the layoffs, the company plans to implement a variety of cost-cutting measures, including consolidating office space, limiting new hires, and reducing outside services expenses.

Roku expects the job cuts, including cash payments, to be “substantially complete by the end of the fourth quarter of fiscal 2023.”

Impact on Canadian staff

It remains unclear if Canadian employees will be affected by the latest round of layoffs at Roku.

According to LinkedIn, the company employs a total workforce of more than 3,900 people. At least 30 workers are located in Canada.

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