GoPro Cuts Jobs and Refocuses, but Faces Growing Competition
- The moves will help the camera-drone company turn a profit
- But each year there are more and more rival products
GoPro Cuts 200 Full-Time Positions: Will It Be Enough?
This article is for subscribers only.
GoPro Inc. cheered Wall Street by pledging to slash its workforce by 15 percent, shut down the entertainment division and refocus on action cameras and drones. But the moves are no panacea.
Yes, GoPro’s push into entertainment was always a long shot, while cutting staff will help the company become profitable.