Roku cutting hundreds of jobs, limiting new hiring ...Middle East

The Hill - Technology
Roku cutting hundreds of jobs, limiting new hiring
source : The Hill ( Middle East ) () 44
U.S.-based streaming company Roku is planning to cut hundreds of positions in its workforce and slow down its hiring process in an effort to boost profits after a series of quarterly losses.  In a Securities and Exchange Commission (SEC) filing on Wednesday, Roku, which specializes in audio and video manufacturing, said it plans to layoff 10 percent of its workforce, or approximately 360 people.  Roku is hoping for a restructuring charge boost of $45 million to $65 million related to the layoffs, as the charge will include severance and benefits costs.  According to an annual report, the San Jose, Calif.-based tech firm had 3,600 full-time workers in 14 countries as of December. 

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