Roku said in November that the company will cut 200 positions due to difficult “economic conditions.” It predicted a year-over-year sales reduction and has already been dealing with slower revenue growth in the second half of 2022. Roku, like its online video rivals Disney and Netflix, is dealing with an approaching recession as well as the end of a pandemic-era boom that kept many people at home watching TV. The bankruptcy of Silicon Valley Bank earlier this month didn’t help the firm; it estimated it might have lost more than 25% of its capital if authorities hadn’t stepped in to preserve depositors.
