On September 5, 2023, Roku Determined To Implement Additional Measures To Bring Down Operating Expenses; Workforce Reduction To Impact Approximately 10% Of Employees - Filing
Portfolio Pulse from Benzinga Newsdesk
Roku has announced plans to implement additional measures to reduce operating expenses, which will include a workforce reduction impacting approximately 10% of its employees, according to a recent filing.

September 06, 2023 | 10:10 am
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Roku's decision to reduce its workforce by 10% as part of cost-cutting measures could potentially impact its stock price.
Workforce reductions often lead to short-term negative reactions in the stock market due to concerns about potential disruptions in operations and morale. However, in the long term, these measures could improve the company's financial health if they successfully reduce operating expenses.
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