GoPro is cutting 7% of its staff
Jan 14, 2016, 02:41 IST
GoPro is cutting about 7% of its staff, the company announced on Wednesday.
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In a statement, the company also announced its preliminary 2015 results, and said it expects fourth-quarter revenue to be worse than expected due to lower-than-anticipated sales.
GoPro shares had been halted for news pending after the closing bell.
The company will take a restructuring charge of between $5 million and $10 million, much of which will be severance costs, it said.
This post is being updated, more to come ...
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