Roku stock jumps after company says it will lay off 10% of workforce

Streaming company Roku announced another round of layoffs will affect 10% of its workforce, or 360 people.

Roku is no stranger to layoffs: The company cut about 200 employees in March, and then another 200 in November. The company added that it expects adjusted third-quarter revenue of between $835 million and $875 million — up from a prior forecast of $815 million. In addition, Roku raised its third-quarter guidance for adjusted EBITDA to a range of negative $40 million to negative $20 million compared to a prior estimate of negative $50 million.Sign up for NBC Philadelphia newsletters.

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