Action camera maker GoPro is cutting about 200 to 300 jobs in its aerial products division this week, technology news website TechCrunch reported on Thursday.

The job cuts are part of a bigger restructuring in the company, TechCrunch reported, citing a letter sent to impacted employees.

The employees were relieved from duties on Thursday, but will continue to be on the company’s payroll until Feb. 16, TechCrunch reported, citing sources.

GoPro, whose cameras are worn by surfers, skydivers and other action junkies, has been struggling in recent years as cheaper rivals emerge and smartphones feature increasingly advanced cameras.

GoPro did not respond to a request for comment outside regular business hours.

Source link

Products You May Like

Articles You May Like

How the GOP tax bill will affect your will and what you leave to your spouse
Canada postpones marijuana legalization
Gig economy workers must get creative to save for retirement
Siemens CEO defends praising Trump for US tax overhaul
Trump’s budget could let those on Medicare use this tax-favored account

Leave a Reply

Your email address will not be published. Required fields are marked *