GoPro Cuts 270 Jobs To Reduce Operating Expenses For 2017
GoPro announced today that they are reducing their workforce by about 270 employees. The company decided to do this in order to reduce operating costs by approximately $200 million for 2017. The new job cuts include open positions, current employees as well as the third decrease in GoPro’s workforce since the year 2016.
In January of 2016, GoPro laid off seven percent of its workforce. However, the layoffs of the firm in November were more severe than ever. According to The Verge, GoPro operated at a loss of $373 million in total for the year 2016, thanks to the production delays on the new GoPro Hero 5 cameras as well as the recall of the Karma drone. The stock price of the camera company hit an all-time low peak this past few week, though it was higher more than 10 percent compared to hours trading following the news.
Because of that, GoPro cut 15 percent of its employees, which completely shuttered the entertainment department. The cut also includes the loss of company's president, Tony Bates, which is also the former head of Skype. As of now, GoPro declined to explain which areas and divisions would be affected by the new round of cuts.
GoPro Will Soon Release Hero 6
According to Endgadget, the job cuts expects to spend and charge a total of $10 million this quarter due to the restructuring. GoPro founder and CEO Nick Woodman said that the company is still on the right track and will turn 2017 a profitable year. Woodman also said that hardware roadmap will not be affected, therefore fans can still expect a new GoPro Hero 6 action camera later this year.
“There will be new cameras and other accessories released during the year and new camera namely being Hero 6," Woodman confirms. He also said that GoPro is not going to share any information in advance regarding the upcoming action camera. However, according to reliable resources, GoPro Hero 6 will aim to pack exciting new features while delivering an affordable price that appeals to the mass market.
Waze Now Allows You To Control Spotify Music Even On The Road
Tap the Waze icon located on the top of the device when Spotify is open to set up navigation without pausing the music. Waze navigation prompts will appear at the top of the Spotify interface.
Apple Rolled Out iOS 10.3 Beta For Public Testing; Check The Updates Here
Along with the iOS 10.3 beta 6, Apple also launched the sixth beta of MacOS 10.12.4 for MacBook users. The main addition to the MacOS 10.12.4 is the Night Shift mode, similar to the iPhones and iPads.
Microsoft Xbox One S Minecraft Bundle Now Available For $249 Only
You can pick up this great console and game bundle directly from the Microsoft Store and Microsoft retail partner stores such as Amazon, Target, GameStop, Best Buy and Walmart starting today through March 18, 2017.
[VIDEO] What does Getting Melted by Lava Look Like? GoPro that Survived Brings Back Amazing Footage
WATCH! If you're curious as to what getting melted by Lava looks like, a GoPro that survived being engulfed might be able to give you answers!
Could Skype Be The Next Zoom?
Skype has been around for quite some time already and now that Zoom is experiencing a huge amount of backlash for its recent privacy issue, Skype could potentially be taking over the market.
MORE IN ITECHPOST
How To Build A Gaming PC For $450 In July 2020
What do you get when you combine a used pre-built PC and a graphics card? A great gaming PC for the price.
[Watch] NASA Announces Week Update: What Happened to the Artemis Program?
Could we be closer to getting to the moon? NASA provides updates on the progress.
[Guide, Tips] How to Play Marvel's Iron Man VR And Get All The Trophies
With the release of the Marvel's Iron Man VR, now even you can take to the skies and fly through canyons as you save civilians and blast bad guys along the way.
But playing the game is even trickier than it sounds.