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GoPro cuts jobs and closes its entertainment division

TUAW Wednesday, 30 November 2016 ()
GoPro cuts jobs and closes its entertainment divisionGoPro has been facing tough times lately, and that's unfortunately translating to layoffs. The action camera maker is cutting 15 percent of its workforce as part of a restructuring move, including both 200 existing positions and the cancellation of y...
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Source: Bloomberg Global Business - < > Embed

News video: GoPro Cuts 200 Full-Time Positions : Will It Be Enough?

GoPro Cuts 200 Full-Time Positions : Will It Be Enough? 04:06

Nov.30 -- GoPro cheered Wall Street by pledging to slash its workforce by 15 percent, shut down the entertainment division and refocus on action cameras and drones. But the moves are no panacea. Bloomberg's Cory Johnson reports on "Bloomberg Markets."

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