- Roku said Wednesday was cutting 10% of its reported 3,600 employees.
- In recent months, layoffs have expanded beyond tech, media, and finance with Gap and Whole Foods also announcing cuts.
- See the full list of layoffs so far in 2023.
A wave of layoffs that hit dozens of US companies toward the end of 2022 shows no sign of slowing down well into 2023.
Streaming platform Roku announced Wednesday that it’s reducing its staff by 10% to combat rising expenses, according to The Wall Street Journal. The cuts will affect about 360 employees, the Associated Press reported.
Roku previously cut 200 roles in November 2022 and another 200 in March.
The news of these layoffs arrives on the heels of recent job cuts at companies, including T-Mobile, Farmers Insurance, Niantic, Robinhood, and Grubhub.
These companies join a large number of big companies that have made significant reductions to staff this year: Tech companies, including Meta and Google, and finance behemoths, like Goldman Sachs, announced massive layoffs in the first weeks of 2023 amid a continued economic downturn and stagnating sales.
The downsizing followed significant reductions that companies including Meta and Twitter made last year.
The layoffs have primarily affected the tech sector. According to data from Layoffs.fyi, a site tracking layoffs since the start of the pandemic, tech companies slashed more than 223,000 in 2023 alone — compared to during the pandemic, when they cut 80,000 in March to December 2020 and 15,000 in 2021.
Here are notable job cuts so far in 2023:
