---
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"
generated_at: "2026-06-10T23:19:30.335212+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Roku to cut 10% of workforce, record up to $265M in impairment and restructuring charges, lowers Q3 outlook

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05, 2.06, 7.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-228986
- JSON: https://secwatch.observer/filing/0001193125-23-228986.json
- Plain text: https://secwatch.observer/filing/0001193125-23-228986.txt

## Key facts
- Restructurings & Charges
  ROKU, INC announced a restructuring with charges of $45 million to $65 million (approximately 10% of the Company’s employees).
  - Type: restructuring
  - Charge: $45 million to $65 million
  - Headcount: approximately 10% of the Company’s employees
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1428439/000119312523228986/0001193125-23-228986-index.htm
- Restructurings & Charges
  ROKU, INC announced a impairment with charges of $55 million to $65 million affecting content portfolio.
  - Type: impairment
  - Charge: $55 million to $65 million
  - Affected area: content portfolio
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1428439/000119312523228986/0001193125-23-228986-index.htm
- Restructurings & Charges
  ROKU, INC announced a impairment with charges of $160 million to $200 million affecting office facilities.
  - Type: impairment
  - Charge: $160 million to $200 million
  - Affected area: office facilities
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1428439/000119312523228986/0001193125-23-228986-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.