Canyon Crest Guide Newspaper Ads Canyon Crest CA

Streaming device maker Roku on Wednesday said it will lay off 10% of its workforce — reportedly cutting about 300 people — in the third round of staff reductions within a year for the San Jose-based company.

The company said it continues to evaluate its operations to save costs. It plans to further cut expenses by reducing its office space, removing certain licensed and produced content from its streaming platform, decreasing outside services expenses and limiting its new hires, according to a document filed with the U.S. Securities and Exchange Commission.

Roku has faced a challenging environment for media and entertainment advertising. Hollywood’s business has been severely hobbled by the ongoing strikes by film and television writers and actors.

Newspaper Ads Canyon Crest CACanyon Crest Guide Newspaper Ad

“It’s been challenged industrywide, and we expect it to be further pressured in the second half of this year by the limited all release schedules arising from the current labor strikes,” said Dan Jedda, Roku’s chief financial officer in an earnings call in July.

Roku previously announced in November 2022 that it would cut 200 jobs and in March 2023 said it would lay off 6% of its workforce.

The company ended 2022 with 3,600 employees in 14 countries. A spokeswoman did not immediately respond to how many Southern California staffers would be affected in this round of layoffs or whether there would be any impact in its real estate footprint in Santa Monica.

The company in the second quarter reported a net loss of $107.6 million, compared with a loss of $112.3 million a year earlier. Revenue was $847 million in the second quarter, up 11% from a year ago.

“While consumer spend is showing some modest growth, macro concerns and uncertainty remain,” Roku’s CEO Anthony Wood and Jedda wrote in a shareholder letter in July.

The workforce reduction is expected to be complete by the end of its fourth quarter, Roku said.

The company said it expects to have a $45-million to $65-million restructuring charge related to the layoffs, a $160-million to $200-million impairment charge related to “ceasing to use certain office facilities” and a $55-million to $65-million impairment charge for removing content from Roku-operated services.

During the pandemic, Roku had experienced significant growth in its streaming services and expanded its staff in Santa Monica. The company, known for its connected TV devices and streaming TV platform, had expanded into other production categories over the years, including making and designing its own branded TVs and smart home products.


Source link

Reach Out

Don’t hesitate to reach out to us to discuss your specific needs. Our team is ready and eager to provide you with tailored solutions that align with your firm’s goals and enhance your digital marketing efforts. We look forward to helping you grow your law practice online.

Our Services:
Blog Post Writing
We do well-researched, timely, and engaging blog posts that resonate with your clientele, positioning you as a thought leader in your domain.

Content Writing
Beyond articles and content for blogs, we delve into comprehensive content pieces like eBooks, and case studies, tailored to showcase your expertise.
Website Content Writing: First impressions matter. Our content ensures your website reflects the professionalism, dedication, and expertise you bring to the table.

Social Media Management
In today’s interconnected world, your online presence extends to social platforms. We help you navigate this terrain, ensuring your voice is consistently represented and heard.

WordPress Website Maintenance
Your digital office should be as polished and functional as your physical one. We ensure your WordPress site remains updated, secure, and user-friendly.
For more information, ad placements in our attorney blog network, article requests, social media management, or listings on our top 10 attorney sites, reach out to us at seoattorneyservices@gmail.com.

Warm regards,

Canyon Crest Guide Newspaper

California Estate Planning
Tiny House For Sale
Canyon Crest Guide Newspaper Ads Canyon Crest CA
Whether you're a startup or an established brand, business directories offer an affordable, yet powerful tool to elevate your brand recognition and reach. Sign up, stand out, and let your business soar to new heights, sign up to one of our directory websites:

Canyon Crest Directory
Riverside Ca Business Directory
The Riverside Coupon Directory
Content Writing Service

Newspaper Ads Canyon Crest CA

Click To See Full Page Ads

Click To See Half Page Ads

Click To See Quarter Page Ads

Click To See Business Card Size Ads

If you have questions before you order, give me a call @ 951-235-3518

or email @ canyoncrestnewspaper@gmail.com

Like us on Facebook Here
Canyon Crest Guide
5225 Canyon Crest Drive Ste.71 #854 Riverside CA 92507
Tony Ramos 951-235-3518
For great backlinks to your website sign up to one of our directory websites:
Canyon Crest Directory
Riverside Ca Business Directory
The Riverside Coupon Directory
Previous articleAs dollar stores spread across the nation, crime and safety concerns follow
Next articleRaccoons throw a pool party at Orange County home
Article Content Writer We write content articles for all businesses. We produce content that can include blog posts,website articles, landing pages, social media posts, and more. Reach out for more information to canyoncrestguide@gmail.com, "Best to You" Tony.

LEAVE A REPLY

Please enter your comment!
Please enter your name here