It seems that 200 is a popular number with Roku management when it comes to layoffs. After November, another round has been announced and once again 200 people will be cut. It would be nice to know if this is going to be a steady thing from now on, 200 cuts every few months...
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Hey @xqd - you are right on target!
Here is some coverage as well:
https://www.reuters.com/technology/streaming-device-maker-roku-cut-200-jobs-second-round-layoffs-2023-03-30/
If we look at the EBITDA shared in previous earning call, along with the current market data, the actual number of jobs cut should have been close to 600 and not 200.
This is my rough calculation, seeing how the ad spend is going down and not up, I see another round for sure in Q3, if not earlier.