GoPro Cutting 15% of Workforce, Closes Entertainment Unit
- Action-camera maker sees charges of as much as $33 million
- Tony Bates will depart his position as president by year end
GoPro Cuts 200 Full-Time Positions: Will It Be Enough?
This article is for subscribers only.
GoPro Inc., struggling to get traction with its action-cameras and new drone, is eliminating about 15 percent of its workforce and shutting down the entertainment division to reduce costs.
The company, which isn’t profitable, will cut more than 200 full-time positions, according to a company statement Wednesday. Tony Bates, who joined as GoPro’s president in June 2014, is stepping down by the end of the year. He was previously an executive vice president at Microsoft Corp. and the chief executive officer of Skype Technologies SA.