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Roku lays off 300 workers and removes streaming content to save money (www.engadget.com)

submitted 1 year ago by DannyMac@lemmy.world to c/technology@lemmy.world

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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.

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[–] eeltech@lemmy.world 29 points 1 year ago (1 children)

They took a gamble and tried to play the streaming game - and lost

Did any of y'all Roku owners buy their device for the purpose of their streaming content? I know I didn't - I bought it because of the promise of an excellent UI to organize all of my other already-existing-and-too-many services in an easy streamlined interface even my dad could use.

[–] freeman@lemmy.pub 1 points 1 year ago

Yeah. Their expenses to try and add streaming was a waste. Plex did much of the same.

I bought Roku for the set top box replacement. They should continue to focus on that, though there really isnt too much more to do there either. They gotta innovate somehow i suppose and that means taking risk.

I will say they keep adding that goddam roku streaming channel to my list. I have exact an even number of lines of apps. It keeps throwing it off and its annoying.