ROKU, INC (ROKU): restructuring charge — Roku cuts ~200 jobs, expects $28-31M in restructuring charges

On November 17, 2022, Roku, Inc. (the “Company”) approved a plan to reduce the Company’s headcount expenses by a projected 5% to slow down the Company’s 2023 operating expense growth rate due to current economic conditions. This will affect approximately 200 employee positions in the United States. The Company estimates that it will incur non-recurring charges of approximately $28 to $31 million in connection with the headcount reductions, primarily consisting of severance payments, notice pay (where applicable), employee benefits contributions and related costs.