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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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[–] SocialMediaRefugee@lemmy.world 4 points 1 year ago* (last edited 1 year ago)

You hear this a lot when personal wealth is discussed, "But his wealth isn't real, it is in the business!" This shows that the wealth is real.

It amuses me when a company will go on about how they need to let people go and cut costs but then they piss away millions on a handful of people. The real issue is that they need to cut costs to keep pissing away money on a few people.