Roku will lay off 200 employees after warning of weak Q4 results

In the latest example of what seems like daily Big Tech job cuts, Roku announced plans today to lay off around 200 employees, nearly seven percent of its workforce. The streaming company wrote in an SEC filing that it plans to cut the jobs in the US due to "economic conditions." The company estimates it will pay between $28 and $31 million for the reductions, primarily because of severance payments, notice pay (where applicable), employee benefits contributions and related costs. Roku says most ...