Action camera maker GoPro Inc <GPRO.O> is cutting about 200 to 300 jobs in its aerial products division this week, technology news website TechCrunch reported on Thursday
The job cuts are part of a bigger restructuring in the company, TechCrunch reported, citing a letter sent to impacted employees.
The employees were relieved from duties on Thursday, but will continue to be on the company’s payroll until Feb. 16, TechCrunch reported, citing sources.
GoPro — whose cameras are worn by surfers, skydivers and other action junkies — has been struggling in recent years as cheaper rivals emerge and smartphones feature increasingly advanced cameras.
GoPro did not respond to a request for comment outside regular business hours.
(Reporting by Kanishka Singh in Bengaluru; Editing by Amrutha Gayathri)