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GoPro to cut about 15 pct of workforce
November 30, 2016 / 1:20 PM / a year ago

GoPro to cut about 15 pct of workforce

Nov 30 (Reuters) - GoPro Inc said on Wednesday it would cut about 15 percent of its workforce as the company restructures its once fast-growing action camera business.

GoPro said it will cut about 200 full-time positions, cancel open positions and shut down its entertainment division as part of the restructuring.

The company said it expects to incur about $24 million to $33 million in restructuring charges, mostly in its fourth quarter.

GoPro’s shares were up 2.7 percent at $10.10 in premarket trading. (Reporting by Anya George Tharakan in Bengaluru; Editing by Sriraj Kalluvila)

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