Submitted by MarvelsGrantMan136 t3_yxqdqr in television
CorporateSympathizer t1_iws7ppy wrote
Reply to comment by WakandaNowAndThen in Roku to Lay Off 200 Employees, Cutting Headcount by 7% by MarvelsGrantMan136
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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