Roku to Lay Off 10 Percent of Staff, Take Charge of $55M-$65M for Removing Streaming Content

Roku is laying off 10 percent of its staff and implementing additional measures to reduce expenses, including consolidating office space and reviewing its content portfolio, resulting in charges for restructuring and impairment.

hollywoodreporter.com

Relevant topic timeline:

8/27/2023

A Bull Market Is Coming: 1 Magnificent Growth Stock to Buy Hand Over Fist Before It Soars 1,800%, According to Wall Street

Summary: Roku, the streaming platform with the largest market share in North America, is poised for significant growth as the cable TV industry continues to decline and more viewers turn to streaming video, leading to an opportunity for investors to buy the stock at its current discounted valuation.

9/3/2023

Roku's New Home Screen Is Rolling Out to Roku Owners & Finally Embraces Apps

Roku has started rolling out a new home screen to all owners, featuring a 4x4 layout with folders for inputs, a continue watching row, and the use of the term "apps" instead of "Roku Channels."

9/6/2023

Stocks making the biggest moves premarket: Enbridge, Roku, Gitlab and more

Roku's stock surged 12.5% after announcing layoffs and raising its revenue guidance for the third quarter.

9/6/2023

Stocks making the biggest moves midday: Roku, Tesla, AMC, AeroVironment and more

Roku's shares rose 3% after announcing layoffs and office space consolidation, while Tesla, Apple, and AMC Entertainment experienced declines in midday trading.