After a significant drop in the third quarter of this year, the streaming company roku reported to the SEC (US Securities and Exchange Commission) that it plans to do so. laying off 200 people preparing for an economic downturn. In addition to the layoffs, the company also expects a millionaire financial downturn.
The organization expects a loss of the following amount, with recurring costs for severance and other related expenses: US$ From 28 million to 31 million dollars (approximately R$149 million to R$165 million in direct conversion)🇧🇷
“Due to the current economic conditions in our industry, we made the difficult decision to reduce employee expenses at Roku by an estimated 5% to slow our growth rate. [das despesas operacionais]🇧🇷 This will affect approximately 200 US employee positions. Taking these measures now will allow us to focus our investments on key strategic priorities to drive future growth and strengthen our leadership position.”
Roku expects to take on most of the restructuring fees and payments to ex-employees. fourth quarter of 2022🇧🇷 However, even before the employee cut, the company’s shares have already lost almost 3% of their value.
It’s worth noting that the company isn’t the only one taking mitigation measures these days, with Meta laying off 13% of its staff last week and affecting 11,000, a figure startlingly higher than Roku’s layoffs.
Source: Tec Mundo
