'Roblox Cuts 30 On Talent Acquisition Team As Hiring Slows' - TechCrunch
Portfolio Pulse from Benzinga Newsdesk
Roblox has downsized its talent acquisition team by 30 employees as part of its cost-cutting measures. The company is shifting its focus from expansion to aligning cash compensation growth with bookings growth. Despite a significant increase in daily active users and developer compensation, average bookings per user have decreased and the company remains unprofitable.
September 21, 2023 | 6:36 pm
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Roblox's downsizing of its talent acquisition team and focus on cost-cutting measures may impact investor confidence. The company's unprofitability despite user growth could negatively affect its stock price.
Roblox's decision to downsize its talent acquisition team signals a shift in the company's strategy from expansion to cost-cutting. This, coupled with the company's continued unprofitability despite significant user growth, could negatively impact investor confidence and lead to a decrease in the company's stock price.
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