{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-228986","form_type":"8-K","ticker":"ROKU","cik":"0001428439","company_name":"ROKU, INC","filed_at":"2023-09-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.899067+00:00","generated_at":"2026-06-10T23:19:30.335212+00:00","sec_items":["2.05","2.06","7.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Roku to cut 10% of workforce, record up to $265M in impairment and restructuring charges, lowers Q3 outlook","bullets":["Workforce reduction affecting ~10% of employees; restructuring charge estimated $45M-$65M.","Impairment charges: $160M-$200M for office facilities, $55M-$65M for content removal.","Q3 FY2023 revenue guidance revised to $835M-$875M; adjusted EBITDA now -$40M to -$20M.","Majority of charges expected in Q3 2023; workforce reduction substantially complete by Q4 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-228986","json":"https://secwatch.observer/filing/0001193125-23-228986.json","markdown":"https://secwatch.observer/filing/0001193125-23-228986.md","text":"https://secwatch.observer/filing/0001193125-23-228986.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1428439/000119312523228986/0001193125-23-228986-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1428439/000119312523228986/d468150d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T23:19:30.335212+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"125c62e27b219a570422ebe4610118f1c363713f","claim":"ROKU, INC announced a restructuring with charges of $45 million to $65 million (approximately 10% of the Company’s employees).","evidence_excerpt":"The workforce reduction is expected to impact approximately 10% of the Company’s employees. The Company expects to record a restructuring charge related to the workforce reduction, primarily consisting of severance and benefits costs, in a preliminary estimated range of $45 million to $65 million.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1428439/000119312523228986/0001193125-23-228986-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$45 million to $65 million"},{"label":"Headcount","value":"approximately 10% of the Company’s employees"}],"fact_type":"restructuring_charge"},{"claim_id":"15732072152fe46d36d0afbb725e18cc2e3502cb","claim":"ROKU, INC announced a impairment with charges of $55 million to $65 million affecting content portfolio.","evidence_excerpt":"an impairment charge in a preliminary estimated range of $55 million to $65 million related to removing select existing licensed and produced content from Company-operated services on its TV streaming platform","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1428439/000119312523228986/0001193125-23-228986-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"$55 million to $65 million"},{"label":"Affected area","value":"content portfolio"}],"fact_type":"restructuring_charge"},{"claim_id":"afc84b6da5a4b154a885f41d120715d741f8a852","claim":"ROKU, INC announced a impairment with charges of $160 million to $200 million affecting office facilities.","evidence_excerpt":"in the third quarter of fiscal 2023 the Company expects to record an impairment charge in a preliminary estimated range of $160 million to $200 million related to ceasing to use certain office facilities","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1428439/000119312523228986/0001193125-23-228986-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"$160 million to $200 million"},{"label":"Affected area","value":"office facilities"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}