Roku (ROKU) Approves $30M-$35M Restructuring Plan
Schwab Network
English - March 30, 2023 22:05 - 2 minutes - 23.2 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Roku Inc. (ROKU) has approved restructuring plan. Jenny Horne discusses how ROKU plans to lower year-over-year operating expense growth. She talks about how this is expected to impact 6% of ROKU's total workforce, and the plan is expected to cost between $30M-$35M. She notes that ROKU is to prioritize projects with higher return on investment. Tune in to find out more about the stock market today.