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© filmfoto dreamstime.com Electronics Production | January 14, 2016

Layoffs awaits at GoPro as the company reallocates its resources

Over the past two years, GoPro's headcount has grown by more than 50% annually, to more than 1'500 employees at the end of 2015 – and now its looks like its going the other way.
The company states that it will implement a reduction of its workforce, which will result in a 7% reduction of employees, in order to better align its resources to key growth initiatives.

The Company estimates that there will occur approximately USD 5 million to USD 10 million of restructuring expenses in the first quarter of 2016, substantially all of which will be severance costs.
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November 15 2018 5:25 pm V11.9.0-1