GoPro Cuts 200-300 Jobs in Aerial Products Unit: TechCrunch

GoPro Cuts 200-300 Jobs in Aerial Products Unit: TechCrunch

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A skier wears a GoPro camera on his helmet as he rides down the slopes in the ski resort of Meribel
A GoPro camera is seen on a skier's helmet as he rides down the slopes in the ski resort of Meribel, French Alps, January 7, 2014. REUTERS/Emmanuel Foudrot/File Photo

(Reuters)

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)