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Roku lays off 300 workers and removes streaming content to save money (www.engadget.com)

submitted 1 year ago by DannyMac@lemmy.world to c/technology@lemmy.world

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Roku looks to be seriously tightening its pursestrings. The company’s laying off a full ten percent of its workforce, over 300 employees, in addition to a conducting a number of other cost-cutting measures, as reported by Variety. These job cuts are just the beginning, as Roku’s also removing streaming content, consolidating office space and reducing outside service expenses. The goal here is a major reduction in the year-over-year operating expense growth rate.

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[–] SharkyPants@lemmy.world 9 points 1 year ago (1 children)

It does feel like antiquated tech but what streaming service uses even 50+mbps streaming? The services I know of (apple, Netflix, Disney) all max out around 30mbps.

[–] MrPoopbutt@lemmy.world 17 points 1 year ago (1 children)

Self hosted (jellyfin, Plex) can use more.

[–] MooseBoys@lemmy.world 3 points 1 year ago

But could the decoder keep up? Decoders come in a variety of sizes and I doubt they’d pay the extra cost to put a 120Mbps decoder in the device when no streaming services require it.