Roku fired round 300 employees this week, round 10% of its workforce, in additional restructuring.

On prime of the firings, Roku mentioned it could be slowing hiring, rethinking its content material portfolio and decreasing workplace house in a submitting with the Securities and Exchange Commission.

The firings are a part of a higher restructuring on the firm that noticed 400 different layoffs up to now yr. The firm mentioned the firings and total restructuring of the corporate are as a result of an financial surroundings that continues to create “unease.”

Despite this, Roku continues to rake within the income. The firm’s third-quarter estimates mission revenues as much as $875 million and Rocku’s inventory value jumped 10% on Wednesday after information of the layoffs broke.

The firm additionally implied that the continuing Hollywood labor strikes may reduce into its income in the long term for the reason that strikes will negatively affect client leisure spending.

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