{"id":118182,"date":"2024-08-21T00:15:27","date_gmt":"2024-08-21T00:15:27","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/21\/gopro-to-cut-15-percent-of-workforce-in-restructuring-push\/"},"modified":"2024-08-21T00:15:27","modified_gmt":"2024-08-21T00:15:27","slug":"gopro-to-cut-15-percent-of-workforce-in-restructuring-push","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/21\/gopro-to-cut-15-percent-of-workforce-in-restructuring-push\/","title":{"rendered":"GoPro to Cut 15 Percent of Workforce in Restructuring Push"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/i0.wp.com\/i.gadgets360cdn.com\/large\/gopro_hero9_black_news_cover_1600259883738.jpg?fit=1200,675&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"GoPro to Cut 15 Percent of Workforce in Restructuring Push\" title=\"GoPro to Cut 15 Percent of Workforce in Restructuring Push\" \/><\/div><p> <br \/>\n<\/p>\n<div>\n<p>Action camera maker <a class=\"sp_lnk2\" href=\"https:\/\/www.gadgets360.com\/tags\/gopro\">GoPro<\/a> said on Monday it would cut about 15 percent of its workforce this year, as part of a restructuring plan to reduce operating expenses.<\/p>\n<p>The company expects to take charges in the range of $5 million (roughly Rs. 41.8 lakh) to $7 million (roughly Rs. 58.6 lakh) for the restructuring plan, with cash expenses of $1 million (roughly Rs. 8.3 crore) to be recognised in the third quarter and about $4 million (roughly Rs. 33.5 lakh) to $6 million (roughly Rs. 50.2 crore) in the fourth quarter of 2024.<\/p>\n<p>The layoffs &#8211; around 139 jobs &#8211; are expected to begin in the third quarter and would be completed by the end of 2024.<\/p>\n<p>Shares of the company, which had 925 full-time employees at the end of the second quarter ended June 30, were up 1.5 percent after the layoffs were announced.<\/p>\n<p>Earlier this month, GoPro reported revenue of $186 million (roughly Rs.\u00a01,558 crore) for second quarter, down 22.7 percent compared to last year and operating expenses of $103 million (roughly Rs. 103 million), an increase of five percent from a year ago.<\/p>\n<p>The US International Trade Commission said in May it was launching a probe into GoPro&#8217;s claims that patents for its cameras, systems and accessories were being violated by Chinese firm Arashi Vision as the company imported similar products into the United States.\u00a0<\/p>\n<p><em>\u00a9 Thomson Reuters 2024<\/em><\/p>\n<p><i>(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)<\/i><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.gadgets360.com\/cameras\/news\/gopro-to-cut-15-percent-of-workforce-in-restructuring-push-6375969#rss-gadgets-news\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Action camera maker GoPro said on Monday it would cut about 15 percent of its workforce this year, as part of a restructuring plan to reduce operating expenses. The company expects to take charges in the range of $5 million (roughly Rs. 41.8 lakh) to $7 million (roughly Rs. 58.6 lakh) for the restructuring plan, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":118183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/i.gadgets360cdn.com\/large\/gopro_hero9_black_news_cover_1600259883738.jpg","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[3177,17349,96435,7269,7904,4759,14990,11325],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/118182"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=118182"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/118182\/revisions"}],"predecessor-version":[{"id":118184,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/118182\/revisions\/118184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/118183"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=118182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=118182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=118182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}