Roku has become the latest tech company to announce it is cutting back its staff.
The company said on Thursday that it would cut 200 jobs in San Jose amid the economic slowdown. All the job losses are in the United States.
The streamer, which also has a developing advertising business, confirmed a move in a filing with the US Securities and Equities Commission.
It follows previous announcements by firms including Twitter, Meta and Amazon.
Amazon blamed “current economic conditions” for the cuts. It currently has 3,000 full-time employees across 13 countries including the UK.
Roku is anticipating a charge of between $28 million and $31 million related to the restructuring, largely for severance payments to affected workers.
The announcement follows Roku’s third-quarter results that forecast a wider-than-anticipated loss for the upcoming quarter.
