GoPro seeks to get rid of the losses for which the company will once again resort to layoffs
GoPro issued a press release in which it confirmed that income in the first quarter will be in the range of 190-210 million dollars. The company still intends to complete the whole year’s profit, but not by the method GAAP.
GoPro announced the restructuring, which will reduce operating expenses (GAAP) at year-end to less than 585 million dollars. In particular, the restructuring process involves the layoff of approximately 270 employees, and the products it touches. The process will cost the company $ 10 million during the current quarter.