📚 GoPro Announces Massive Restructuring, Hundreds of Job Cuts

GoPro has recently announced a massive restructuring plan at a global level, with the company planning to lay off some 20 percent of its workforce. More specifically, GoPro says the new strategy is specifically supposed to help it “become a more efficient and profitable” company, so it wants to focus on consumers directly in the long term. As a result, GoPro is trying to reduce operating expenses this year by no less than $100 million and to $250 million next year. Additional expenses cuts are also prepared across the business, the company says. Hundreds of job cuts But one of the worst news concerns the layoffs that GoPro has prepared for its global operations. A total of 200 employees will be let go, and the company also wants to reduce office space in give different regions. Sales and marketing budgets will also be reduced substantially beginning with this year. “GoPro's global distribution network has been negatively impacted by the COVID-1... ...