U.S. streaming company Roku has announced 200 layoffs, accounting for about 6% of its total workforce.
Last November, Roku already laid off about 200 employees.
A Roku spokesperson said, “To continue to focus expenses on strategic priorities and reduce the rate of year-over-year growth in operating expenses, Roku has decided to reduce or defer several low-priority projects and programs.”
Like other streaming companies, Roku has complained that its business has been affected by the general environment, with ad spending declining in the fourth quarter of last year. Despite that, revenue from the Roku platform, which includes advertising revenue, grew 4.6% year over year in the fourth quarter of last year. At the time, Roku said it was adjusting its operations and spending to better respond to the challenging macro environment.