GoPro has witnessed greater times. Following its inventory ongoing its descent to an all-time very low earlier in the week, the action-digicam maker introduced on Wednesday it plans to reduce 270 careers, its third spherical of layoffs in a little more than a calendar year.
As this chart from Statista shows, the slashes arrive immediately after a dire calendar year for GoPro — immediately after a gradual finish to 2015, GoPro’s income sunk more than enough for the team to see slipping revenues and a internet loss of almost $420 million in 2016. The botched start of its hyped-up Karma drone didn’t assist.
All that mentioned, there are signs that GoPro would like to be far more concentrated in 2017. CEO Nick Woodman mentioned as substantially earlier this calendar year, and acknowledged on Thursday that the company “failed to make GoPro contemporary” immediately after the rise of smartphones. What the company can do to change that, although, continues to be to be witnessed.
Business enterprise Insider/Mike Nudelman/Statista