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Home Business

GoPro to Lay Off 17% of the WorkForce

by Chinmay Bidkar
March 16, 2017
in Business
Reading Time: 1 min read
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GoPro to Lay Off 17% of the WorkForce
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16 March 2017, India:

GoPro has announced it is laying off around 270 employees i.e around 17% of the total workforce. The company had 1,552 employees as of 31st December 2016 as per the report by Reuters.

Founded in 2002, GoPro is an American technology company started by Nick Woodman. It manufactures eponymous action cameras and develops its own mobile apps and video-editing software.

Also read- ZENEFITS’ CONTROVERSIAL COFOUNDER PARKER CONRAD LAUNCHES NEW STARTUP ‘RIPPLING’

“We’re determined that GoPro’s financial performance match the strength of our products and brand. Importantly, expense reductions preserve our product roadmap and we are tracking to full-year non-GAAP profitability in 2017,” said GoPro Founder and CEO, Nicholas Woodman.

GoPro, Inc. is transforming the way people capture and share their lives. What began as an idea to help athletes self-document themselves engaged in sport, GoPro has become a mobile storytelling solution that helps the world share itself through immersive content. (Image- GoPro)

Also read- YAHOO HACK 2014: THE U.S. GOVT CHARGES TWO RUSSIAN SPIES!
Tags: Camera companyGoProLay offLays OffwJob cuts
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Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

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