MediaUS

Roku Layoffs

November 2022

Roku announced a layoff affecting 200 employees (7% of its workforce) in November 2022. The company operates in the Media sector.

People Affected

200

Percentage

Announced Date

Nov 17, 2022

About

Streaming platform Roku announced on November 17, 2022, that it will lay off 200 employees in the U.S., representing about 7% of its workforce, which totaled approximately 3,000 full-time employees as of late 2021. The company cited challenging economic conditions, including inflationary pressures and a significant slowdown in advertising spending, as the primary reasons for the restructuring. This move, aimed at reducing operating expenses and focusing on strategic priorities, is part of a broader wave of layoffs across the tech and media industries. Roku expects to incur related charges of $28-31 million, with the process largely completed by early 2023.