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.
The company hasn’t announced which content it would be removing from its various streaming platforms and whether or not these cuts would be culled from third-party providers or from in-house projects like the recently-released Weird Al biopic.
Roku’s so serious about these cuts that it’s willing to pony up $65 million for impairment charges after deleting this content, according to an SEC filing.
However, even Roku admits these figures are uncertain, noting in a Q2 letter to shareholders that the “macro environment continued to create uncertainty,” given the ongoing WGA and SAG-AFTRA strikes.
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A lot of people are totally unwilling to pay for digital services, especially those that were originally free to access. Like yeah, it feels good to to call people on fb idiots I guess, but that’s not really an argument for their willingness to pay for fb.
In a similar affair, they were forced to unb(l)unde® Internet Explorer from the OS and provide a tool to help the user choose their preferred web browser during install/first startup.
The move follows a three-year saga that began when Slack filed an antitrust complaint against its competitor, claiming that including Teams in these bundles was illegal and that Microsoft was blocking some people from getting rid of the program.
The tech giant finally agreed to separate Teams from its productivity suites earlier this year but said it was “unclear” how it would happen.
Then, in July, the European Commission appeared to get tired of waiting and launched a probe into whether bundling Teams into productivity suites was in defiance of EU competition rules.
Starting October 1st, Microsoft 365 and Office 365 should each be available for €2 less per month or €24 across the whole year for customers in the European Economic Area (EEA) or Switzerland.
However, Microsoft claims that any frontline workers or small business owners in the region will still have the option to include Teams in their purchase.
Microsoft also says it will create additional support resources to direct developers to public APIs and address questions from users, such as how their data is being transferred from Teams.
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Also, it’s stupid you still can’t use the nest hubs SOLI Chip to perform motion automations. Get it will still bring up that screen every evening when you get close to it
People are installing survellience devices in their homes because they now trust the most invasive advertising company connected to NSA with complete insight into their lives.
Some people would argue that most people no longer cares if they are being watched by governments and corporations, even at home.
Wooing Foxconn to set up shop in the US was always a head-scratcher. These are the kinds of jobs Americans were jealous Asians had, and wanted to reshore? Low-margin contract manufacturing? Really?
Actually yes. Though not the business owners really. Instead it was society and strategic planners. It is matter of supply security, not of profit maximization. Which is why incentives and penalties were involved.
Also presumably lacking the cheapest of cheap labor, production automation would be increased. In low cost production countries like China, they don’t always use hordes of cheap labour due to not being able to automate. Rather it is cheaper to use lot of wage slaves operating manual machines, than to pay for the more expensive specialized automated production machinery. Specially on short term. On long term the automated machines probably amortize themselves and then start to make gains over the wage slaving, but well that takes time and one thing quarter report stock market capitalism hates is having to wait for anything. They will take less profits overall over decade, if they can get more profits this quarter or this year.
Is it rational? Well no obviously rational business expecting to be around for decade would take the long term bigger overall profits. It’s literally more money earned for the company as long as one plans for the company to be around at the end of the decade. However companies are not managed by rational machines, but instead by these things called CEOs. CEOs, despite their claims, are often anything but rational. CEO’s with personal motives, CEO’s with emotional quirks, CEO’s with inbuilt expectations, CEO’s with in-built assumptions, often wrong assumptions, CEO’s with incentive packages that often are not really that thought through. Stock holders looking to incentivize short time stock gain over long term business profitability.
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