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GoPro to lay off 270 people, expects full-year profitability in 2017

GoPro to lay off 270 people, expects full-year profitability in 2017

Thursday, March 16, 2017, 10:50 AM

GoPro plans on eliminating 270 positions as it tries to turn itself around. In a release containing guidance of its first-quarter results, the company announced that the job cuts were part of cost-cutting measures that also affected programs and other expenses to preserve our product roadmap. In doing so, GoPro said it’s on track to “full year non-GAAP profitability in 2017.
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