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.
GoPro Hero 6 'Is Gonna Be Bitchin', CEO Says
GoPro CEO Nick Woodman believes that the upcoming GoPro Hero 6, which he described as "bitchin", will be a huge success.
MORE IN ITECHPOST
Fitness Expert, Jolene Cherry, Explains How to Build Good Fitness Habits Using Tech
Cherry explores several different technology gizmos and gadgets to keep in mind when the initial burst of fitness motivation runs dry.
How Do Personal Emergency Response Systems Work?
Personal emergency response systems, known as PERS for short, are systems that help people to raise the alarm and get immediate help when a medical or personal emergency occurs. They are ideal for older people and anyone with a mobility issue or an injury or illness that can cause falls.
Eight Must-Have Tools to Keep Your Car Out of Garage
We all dread taking our car to a garage for repairs. We might just want to avoid the inconvenience of being off the road or maybe the costs associated, which can even lead to knock-on effects on things like our holiday plans.
6 Hacks for Students to Choose a Laptop While on a Budget
The modern world tries to drown us in the sea of choices. One can’t simply buy a laptop - there are hundreds of laptops around and sometimes our budget becomes the only real limitation we can rely on. But how to choose other parameters to get the best laptop possible?