Roku narrows core loss forecast, plans to trim 10% workforce
(Reuters) -Roku narrowed its adjusted operating loss forecast for the third quarter and said it would lay off 10% of its staff as well as cut down on some office space, sending the company's shares more than 8% higher in premarket trading on Wednesday.
Source: www.reuters.com
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(Reuters) - Video streaming company Roku said on Wednesday it will reduce its workforce by about 10% and limit new hiring, among other measures to lower expenses.
Reporting by Yuvraj Malik in Bengaluru; Editing by Savio D’Souza
