Shulou(Shulou.com)11/24 Report--

CTOnews.com, Nov. 17 (Reuters)-Roku, a maker of video streaming equipment, said on Thursday that it would lay off 5% of its workforce, or about 200, because of "the current economic situation."

The company said the plan approved on Thursday was designed to "slow the growth of its operating expenses in 2023 under current economic conditions." In addition, Roku's advertising business has also suffered a greater impact.

CTOnews.com learned that Roku plans to pay $28 million (about 198 million yuan) to $31 million (about 219 million yuan) in severance pay for layoffs, most of which will take place in the current quarter and will be largely completed by the end of the first quarter of 2023.

Roku, Inc. The company was originally founded in Delaware in October 2002 and then registered in Delaware in February 2008. The company started the TV show. Roku, Inc. Connect users with their favorite streaming content, enable content publishers to build and make money in a large audience, and provide advertisers with unique capabilities to attract consumers. The company is very large today. The disruptive content distribution model of TV streaming is changing the economic value of billions of dollars. Roku, Inc. Hope to take advantage of this huge economic opportunity to provide a leading TV streaming platform for users, content publishers and advertisers.

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