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Hero5

GoPro Cuts 15% Of Workforce; Closes Division

November 30, 2016 by Ted Leave a Comment

Photo of KarmaJust a couple of weeks after we reported on GoPro’s recall of thousands of defective Karma drones and other business problems, now comes word that the company is in the process of cutting more than 200 jobs, or about 15% of its total workforce, amid a sales decline. The company has also decided to shut down its Entertainment division and rededicate itself to its core wearable camera business.

But analysts remain unconvinced the company has the right plan for growth… [Read more…] about GoPro Cuts 15% Of Workforce; Closes Division

Filed Under: Financial, Manufacturers, Marketing, News, Pivot Point, Strategy Tagged With: camera, drone, GoPro, Hero5, Karma drone, Nicholas Woodman

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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