Streaming platform Roku said it will eliminate 200 jobs in the U.S., citing “current economic conditions,” cutting about 7% of its overall workforce.
“Due to the current economic conditions in our industry, we have made the difficult decision to reduce Roku’s headcount expenses by a projected 5%, to slow down our opex growth rate,” the company said in a statement Thursday. “This will affect approximately 200 employee positions in the U.S. Taking these actions now will allow us to focus our investments on key strategic priorities to drive future growth and enhance our leadership position.”
As of Dec. 31, 2021, Roku had about 3,000 full-time employees located in 13 countries. In pre-market trading Thursday, shares of Roku were down more than 3%.