HomeBusinessRoku, a manufacturer of streaming devices, will let 200 US employees go.

Roku, a manufacturer of streaming devices, will let 200 US employees go.

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By lapaasindia
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  • Due to “present economic difficulties,” the manufacturer of video streaming devices Roku will lay off 200 people in the US, or 5% of its workforce.
  • Severance and other layoff payouts will cost Roku up to close to $31 million in the fourth quarter.
  • The company’s stock price has dropped by almost 75% this year, and it is the newest tech company to announce layoff plans.

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