Streaming Device Maker Roku to Lay Off 200 Employees in Another Round of Layoffs

U.S streaming device maker Roku Inc has announced plans to lay off 6% of its workforce, or 200 employees, in its second round of job cuts.

Roku is also exiting and sub-leasing unoccupied office facilities in a bid to lower expenses

Roku had, in November, cut 200 jobs in the United States.

U.S. companies are bracing for a potential economic downturn amid rising borrowing costs around the world.

Job cuts the in U.S. tech sector hit 63,000 in the first two months of the year, according to data from Challenger, Gray & Christmas Inc.

Roku expects to incur charges of between $30 million and $35 million related to the restructuring.


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