GoPro cuts 200-300 jobs in aerial products unit: TechCrunch

Reuters

(Reuters) - Action camera maker GoPro Inc <GPRO.O> 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. http://tcrn.ch/2CEcEAS

 

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.

(Reporting by Kanishka Singh in Bengaluru; Editing by Amrutha Gayathri)

 
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