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WakandaNowAndThen t1_iwqiai3 wrote

Reply to comment by DDP200 in Roku to Lay Off 200 Employees, Cutting Headcount by 7% by MarvelsGrantMan136

It seems lots of tech are looking for a buyout, and I've read the same about Roku. Is that for the same reasons, or are there independent factors?

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CorporateSympathizer t1_iws7ppy wrote

Looking at their last quarterly filing, Roku has $2b cash on hand and is burning around $100-200m/quarter due to the ad downturn. They should have the cash reserves to weather the recession pretty easily, especially with the announced layoffs.

Unless the recession lasts more than 2-3 years...in which case quite a lot of companies are going to go down.

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