GoPro cuts hundreds of jobs in its drone division: report


GoPro is laying off 200–300 employees this week, mostly from the part of the company that works on the Karma drone, according to TechCrunch. A letter was reportedly sent to these employees this week which stated that the company is restructuring “to better align our resources with business requirements,” though they will remain on the payroll until the middle of February.

This would be the fourth round of layoffs at GoPro since 2016. CEO Nick Woodman reported that the company had 1,254 employees as recently as November of last year. A representative for the company declined to comment.

After enduring a dismal financial year in 2016, GoPro had rebounded moderately in 2017. The California company recorded its first profitable quarter in...

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via The Verge - Tech Posts "http://ift.tt/2m46QGN"

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