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Roku lays off 300 workers and removes streaming content to save money (www.engadget.com)

submitted 1 year ago by DannyMac@lemmy.world to c/technology@lemmy.world

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Roku looks to be seriously tightening its pursestrings. The company’s laying off a full ten percent of its workforce, over 300 employees, in addition to a conducting a number of other cost-cutting measures, as reported by Variety. These job cuts are just the beginning, as Roku’s also removing streaming content, consolidating office space and reducing outside service expenses. The goal here is a major reduction in the year-over-year operating expense growth rate.

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[-] AbidanYre@lemmy.world 31 points 1 year ago

removes streaming content

What else do they do/have?

[-] greybeard@lemmy.one 6 points 1 year ago

A popular and powerful device for streaming other services. And direct integration in certain TVs as the "Smart" OS. Streaming was something they tried to build their offering and widen their reach when Google and Apple started getting decent streaming boxes themselves and TV manufacturers started having usable(while still bad) smart OSs.

[-] fishpen0@lemmy.world 14 points 1 year ago

This market is getting saturated fast. Apple TV, Fire TV both pair directly to at least one first class streaming service as they are developed by the same company. Chromecast is still hanging on. Plex offers streaming content now as part of Plex pass. Cable tv boxes can now also do native streaming to select services. Major TV brands are dropping the Roku OS to roll their own shitty android port.

I personally moved to the Apple TV because it’s the only one probably not selling my data and isn’t constantly griping at me with some kind of upsell like the Roku and Fire Tv

[-] holycrapwtfatheism@kbin.social 4 points 1 year ago

Also the nvidia shield. It does what roku does but better and offers more.

[-] ares35@kbin.social 2 points 1 year ago

roku is more than just the hardware, or even the 'app' platform (where i'm guessing most of their revenue comes from). they have original content and a decent ad-supported service of their own. and you don't need their device to watch.. works in browser.

[-] snooggums@kbin.social 6 points 1 year ago

decent ad-supported service

You contradict yourself.

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this post was submitted on 07 Sep 2023

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