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GoPro lays off 200 in struggle to find its footing

Discussion in 'News' started by clackey, Dec 1, 2016.

  1. clackey

    clackey Administrator
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    Bad news continues for GoPro...

    "On Wednesday, GoPro announced it would slash 15 percent of its workforce, or about 200 jobs, and shutter its entertainment division, in a restructuring that the company said will help it focus on its core camera products.

    It’s been a long slide for Go Pro, whose triumphant 2014 IPO was the biggest public market debut in two decades for a consumer hardware company.

    Despite its early success and endorsement deals with high-profile athletes like Olympic snowboarder Shaun White, GoPro’s stock has tumbled 44.6 percent this year. It reported an $84 million loss in its most recent quarterly earnings. And it suffered a big setback when it tried to diversify by creating its own drone — only to recall the product just before the critical holiday shopping season."

    Full story - GoPro lays off 200 as it struggles to find footing
     
  2. LuvMyTJ

    LuvMyTJ Administrator
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    Wow... that is sad news for sure. With the copy market getting so good and so much cheaper, they are even hurting in the camera department.

    And what is a GoPro Entertainment Division? o_O
     
  3. ProntoWorx

    ProntoWorx Member

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    It really is too bad. I do still have faith i them though but time will tell.
     
  4. Rescuealex

    Rescuealex New Member

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    NO NO NO they fired 200 employees and their customer support is on the Philippines, tragic because the customer service is TERRIBLE AT ITS BEST FOR THE CUSTOMER!!!
     
  5. Ohsarge

    Ohsarge New Member

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    The customer service is marginal now, not what I expected from GoPro. I had so much faith in this American company until I bought this Karma and crashed it by itself. They argued it wasn't a defect and it was my fault.
     
  6. DoomedPhantom

    DoomedPhantom Member

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    Just like everything else you buy that is american made. You would think our nation would find a way to get rid of overseas services like this crap. Not saying i dont like my karma drone nor the gopro hero 5 camera but seriously. All these drone companies are kicking their butt right now in the drone department.
     

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