Roku looks to be seriously tightening its pursestrings. The company’s laying off a full ten percent of its workforce, over 300 employees, in addition to a conducting a number of other cost-cutting measures, as reported by Variety. These job cuts are just the beginning, as Roku’s also removing streaming content, consolidating office space and reducing outside service expenses. The goal here is a major reduction in the year-over-year operating expense growth rate.

  • GreyBeard@lemmy.one
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    1 year ago

    A popular and powerful device for streaming other services. And direct integration in certain TVs as the “Smart” OS. Streaming was something they tried to build their offering and widen their reach when Google and Apple started getting decent streaming boxes themselves and TV manufacturers started having usable(while still bad) smart OSs.

        • ares35@kbin.social
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          1 year ago

          roku is more than just the hardware, or even the ‘app’ platform (where i’m guessing most of their revenue comes from). they have original content and a decent ad-supported service of their own. and you don’t need their device to watch… works in browser.

      • ripcord@kbin.social
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        1 year ago

        You say that like something has happened recently to make it more crowded.

        Roku is the leader in this space and they barely have any new competition that they didnt have 5 years ago.