Roku to Cut About 6% of Workforce in Broader Restructuring (1)

Roku Inc. is restructuring its business and cutting about 200 employees, or 6% of its workforce, in the process.

An unspecified amount of unused office space will be vacated or sublet as Roku moves to “prioritize projects the company believes will have a higher return on investment,” it said in a regulatory filing Thursday.

San Jose, California-based Roku, which makes set-top boxes used to stream services like Netflix, said it estimated one-time costs of $30 million to $35 million to cover severance payments and other charges. The majority of job cuts would be completed by the end of the ...