On March 30, Roku, Inc (NASDAQ: ROKU) disclosed plans to reduce its workforce by 6% or 200 people and pare back certain office facilities that the company does not currently occupy. Roku estimates to book non-recurring charges of approximately $30 million - $35 million in connection with the restructuring likely to impact the Q1 numbers. Last November, Roku downsized its workforce by 200 to reduce headcount expenses by a projected 5%. Also Read: This Stock Has More Than 60% Upside, Thanks to Rok Read More...
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Cathie Wood Doubles Down on These 2 Stocks Under $5
There’s no getting away from it, given the Fed’s policy of aggressive rate hikes, a soft landing for the U.S. economy appears out of the question. That at least is the opinion of Cathie Wood, who is therefore readying for a hard landing. “Money velocity is flattening,” the ARK Investment Management CEO said recently in reference to the recent banking mess while Wood also expects a marked deceleration in nominal gross domestic product. However, these are all blind spots for the Fed, she believes,
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